California Resources Corp (CRC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 372,000 | 496,000 | 307,000 | 305,000 | 14,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 3,000 |
| Total current liabilities | US$ in thousands | 980,000 | 616,000 | 894,000 | 854,000 | 709,000 |
| Cash ratio | 0.38 | 0.81 | 0.34 | 0.36 | 0.02 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($372,000K
+ $—K)
÷ $980,000K
= 0.38
The cash ratio of California Resources Corp has shown a significant improvement over the years, increasing from 0.02 in December 31, 2019, to 0.38 in December 31, 2024. This indicates that the company has a higher ability to cover its short-term liabilities with its available cash and cash equivalents. The trend suggests that California Resources Corp has been effectively managing its liquidity position and may be better equipped to meet its financial obligations in the near term. It is important to note that a higher cash ratio indicates a stronger financial position in terms of liquidity.
Peer comparison
Dec 31, 2024