California Resources Corp (CRC)

Cash 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 and cash equivalents US$ in thousands 372,000 241,000 1,031,000 403,000 496,000 479,000 448,000 477,000 307,000 358,000 324,000 328,000 305,000 189,000 151,000 130,000 28,000 98,000 105,000 67,000
Short-term investments US$ in thousands — — — 2,342,000 — — — — — — — — — — — — — 24,000 21,000 10,000
Total current liabilities US$ in thousands 980,000 897,000 593,000 594,000 616,000 694,000 582,000 717,000 894,000 932,000 1,208,000 1,205,000 854,000 957,000 886,000 622,000 473,000 1,194,000 5,759,000 543,000
Cash ratio 0.38 0.27 1.74 4.62 0.81 0.69 0.77 0.67 0.34 0.38 0.27 0.27 0.36 0.20 0.17 0.21 0.06 0.10 0.02 0.14

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 fluctuating trends over the observed periods. It started at a low of 0.14 as of March 31, 2020, reached a peak of 4.62 as of March 31, 2024, and then decreased to 0.38 as of December 31, 2024. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio signifies a stronger liquidity position, while a lower ratio may indicate potential difficulty in meeting short-term obligations. Despite some variability, the company's cash ratio generally improved in the later periods, reflecting a healthier liquidity position.