CNX Resources Corp (CNX)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 370,635 421,788 573,804 459,807 273,332
Total current liabilities US$ in thousands 1,122,580 822,998 1,312,800 954,576 441,312
Current ratio 0.33 0.51 0.44 0.48 0.62

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $370,635K ÷ $1,122,580K
= 0.33

The current ratio of CNX Resources Corp has shown a decreasing trend over the past five years, declining from 0.62 as of December 31, 2020, to 0.33 as of December 31, 2024. This indicates that the company may be facing challenges in meeting its short-term financial obligations with its current assets. A current ratio below 1 suggests that the company's current liabilities exceed its current assets, which may raise concerns about its liquidity and ability to cover its short-term debts. Further analysis of the company's liquidity position and management of working capital may be warranted to address these declining current ratio figures.