CNX Resources Corp (CNX)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	16,283	5,484	32,611	23,972
Short-term investments	US$ in thousands	—	9,948	14,065	14,347	14,600	12,577	7,864	—	—	—	—	—	16,022	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	528,939	621,624	623,245	588,495
Cash ratio		0.00	0.02	0.05	0.02	0.03	0.01	0.00	0.00	0.00	0.00	0.05	0.06	0.07	0.30	0.04	0.06	0.03	0.01	0.05	0.04

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($443K + $—K) ÷ $822,998K
= 0.00

The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. It is calculated by dividing the company's cash and cash equivalents by its current liabilities.

Based on the data provided for CNX Resources Corp, we observe fluctuations in the cash ratio over the past eight quarters. The cash ratio has ranged from a low of 0.07 in Q1 and Q2 of 2022 to a high of 0.38 in Q2 of 2023. These variations indicate changes in the company's liquidity position over time.

A higher cash ratio suggests that the company has a greater ability to cover its short-term obligations using its readily available cash resources. Conversely, a lower cash ratio may indicate a potential liquidity risk if the company faces unexpected financial challenges.

It is important for stakeholders to monitor the cash ratio trend over time to assess the company's liquidity position and financial health. Further analysis and comparison with industry benchmarks may provide additional insights into CNX Resources Corp's liquidity management and financial stability.