CNX Resources Corp (CNX)

Current 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
Total current assets	US$ in thousands	421,788	300,592	399,823	351,598	573,804	723,739	618,197	416,876	459,807	583,824	333,976	277,446	273,332	332,239	430,722	586,053	498,101	345,726	460,094	364,966
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
Current ratio		0.51	0.30	0.58	0.50	0.44	0.32	0.30	0.20	0.48	0.33	0.41	0.61	0.62	0.65	0.90	1.17	0.94	0.56	0.74	0.62

December 31, 2023 calculation

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

The current ratio measures a company's ability to meet its short-term obligations with its current assets. CNX Resources Corp's current ratio has shown some fluctuation over the past eight quarters, ranging from 0.20 to 0.58.

In Q4 2023, the current ratio was 0.51, indicating that the company had $0.51 in current assets for every $1 in current liabilities. This signifies an improvement from the previous quarter, Q3 2023, where the ratio was 0.30, but still remains below the ideal ratio of 1.

Looking at the trend over the past year, the current ratio has generally been below 1, suggesting potential liquidity concerns and a higher reliance on short-term financing to meet its obligations.

It is important for CNX Resources Corp to closely monitor and manage its working capital to ensure it can cover its short-term liabilities and maintain financial stability. A consistently low current ratio may indicate inefficiencies in managing current assets and liabilities, potentially leading to cash flow problems.