CNX Resources Corp (CNX)

Current 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
Total current assets US$ in thousands 370,635 332,939 368,547 460,442 421,788 300,592 399,823 351,598 573,804 723,739 618,197 416,876 459,807 583,824 333,976 277,446 273,332 332,239 430,722 586,053
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
Current ratio 0.33 0.37 0.41 0.53 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

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 declining trend over the period analyzed. Starting at 1.17 on March 31, 2020, the current ratio decreased to 0.33 on December 31, 2024. This indicates a potential liquidity concern, as the company's current assets may not be sufficient to cover its current liabilities. The ratio fell below 1 multiple times, suggesting that the company may have struggled to meet its short-term obligations at those points in time. It is important for stakeholders to closely monitor this trend and assess the company's ability to manage its current financial obligations effectively.