California Resources Corp (CRC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,024,000 | 929,000 | 864,000 | 753,000 | 491,000 |
| Total current liabilities | US$ in thousands | 980,000 | 616,000 | 894,000 | 854,000 | 709,000 |
| Current ratio | 1.04 | 1.51 | 0.97 | 0.88 | 0.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,024,000K ÷ $980,000K
= 1.04
The current ratio of California Resources Corp has shown an improving trend over the years, starting at 0.69 in December 31, 2019, and increasing to 0.88 by December 31, 2021. The ratio further improved to 0.97 by December 31, 2022, and significantly rose to 1.51 by December 31, 2023, indicating a favorable liquidity position. However, there was a slight decrease to 1.04 by December 31, 2024. Overall, the company has demonstrated an increasing ability to cover its short-term obligations with its current assets, although the recent dip in the ratio may warrant further monitoring.
Peer comparison
Dec 31, 2024