CNX Resources Corp (CNX)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	17,198	1,310	3,923	1,988	443	8,653	22,765	2,799	21,321	1,594	238	8,570	3,565	365	39,365	29,610	15,617	150,132	19,607	31,833
Short-term investments	US$ in thousands	—	—	—	974	5,449	9,948	14,065	14,347	14,600	12,577	7,864	4,768	228	29	128	138	141	144	205	197
Total current liabilities	US$ in thousands	1,122,580	892,737	893,353	874,102	822,998	991,018	692,013	704,908	1,312,800	2,258,030	2,031,970	2,127,340	954,576	1,767,350	809,195	457,907	441,312	507,961	476,524	500,351
Cash ratio		0.02	0.00	0.00	0.00	0.01	0.02	0.05	0.02	0.03	0.01	0.00	0.01	0.00	0.00	0.05	0.06	0.04	0.30	0.04	0.06

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($17,198K + $—K) ÷ $1,122,580K
= 0.02

The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

Based on the provided data for CNX Resources Corp, the cash ratio fluctuated over the analyzed period. The company's cash ratio was relatively low, ranging from 0.00 to 0.30 during the periods from March 31, 2020, to December 31, 2024. The cash ratio hit its peak at 0.30 on September 30, 2020, indicating that the company had a relatively higher level of cash on hand compared to its short-term liabilities at that time.

However, the cash ratio dropped significantly in the subsequent quarters and remained consistently low from September 2021 to June 2024, ranging from 0.00 to 0.05. This downward trend could signal a potential liquidity strain or a decrease in cash reserves to cover short-term obligations during those periods.

It is important for investors and stakeholders to monitor the company's cash ratio closely, as a sustained low cash ratio may indicate a risk of liquidity challenges in meeting its immediate financial obligations. Additionally, management should focus on maintaining a balance between cash reserves and investments to ensure sufficient liquidity for operational needs and unexpected expenses.