CNX Resources Corp (CNX)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	421,788	573,804	459,807	273,332	498,101
Total current liabilities	US$ in thousands	822,998	1,312,800	954,576	441,312	528,939
Current ratio		0.51	0.44	0.48	0.62	0.94

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $421,788K ÷ $822,998K
= 0.51

The current ratio, which is a measure of a company's ability to cover its short-term liabilities with its short-term assets, has exhibited a declining trend for CNX Resources Corp over the past five years.

In 2023, the current ratio stands at 0.51, indicating that the company may face difficulties in meeting its short-term obligations with its current assets alone. This is a decrease from the previous year (0.44).

The fluctuation in the current ratio over the past five years raises concerns about the company's liquidity position and its ability to manage short-term financial obligations effectively. A declining current ratio may suggest potential cash flow challenges, inefficient working capital management, or high levels of short-term debts.

Further analysis and monitoring of CNX Resources Corp's current ratio are necessary to assess the company's liquidity risk and financial health accurately.