CNX Resources Corp (CNX)

Quick 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
Cash	US$ in thousands	17,198	1,310	3,923	1,988	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
Short-term investments	US$ in thousands	—	—	—	974	5,449	9,948	14,065	14,347	14,600	12,577	7,864	4,768	228	29	128	138	141	144	205	197
Receivables	US$ in thousands	197,406	152,385	146,495	134,697	133,991	91,355	109,072	144,223	354,642	484,524	453,474	268,260	339,118	260,640	168,394	157,433	150,255	81,226	191,283	217,577
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
Quick ratio		0.19	0.17	0.17	0.16	0.17	0.11	0.21	0.23	0.30	0.22	0.23	0.13	0.36	0.15	0.26	0.41	0.38	0.46	0.44	0.50

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($17,198K + $—K + $197,406K) ÷ $1,122,580K
= 0.19

The quick ratio of CNX Resources Corp has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

The quick ratio started at 0.50 on March 31, 2020, but gradually decreased to 0.15 by September 30, 2021, indicating a potential liquidity issue as the ratio fell below the threshold of 1. This downward trend continued until March 31, 2022, when the quick ratio hit its lowest point of 0.13.

There was a slight improvement in liquidity from June 30, 2022, to September 30, 2022, as the quick ratio increased to 0.22, showing a temporary boost in the company's ability to cover its short-term liabilities.

However, the quick ratio fluctuated around the range of 0.17 to 0.23 from June 30, 2024, to September 30, 2024, indicating some stability in the company's liquidity position during that period.

Overall, the quick ratio of CNX Resources Corp experienced varying levels of liquidity over the analyzed period, with fluctuations that may suggest shifts in the company's ability to meet its short-term obligations with its current assets.