California Resources Corp (CRC)

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	1,024,000	872,000	1,439,000	839,000	929,000	929,000	867,000	972,000	864,000	884,000	851,000	834,000	753,000	657,000	577,000	461,000	329,000	420,000	403,000	356,000
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
Current ratio		1.04	0.97	2.43	1.41	1.51	1.34	1.49	1.36	0.97	0.95	0.70	0.69	0.88	0.69	0.65	0.74	0.70	0.35	0.07	0.66

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 fluctuations over the periods analyzed. It was particularly low in June 2020 at 0.07, indicating the company may have had difficulties meeting its short-term obligations with its current assets at that time. However, the ratio improved in subsequent periods, reaching its highest point in June 2024 at 2.43, suggesting the company had significantly more current assets relative to its current liabilities. Overall, the current ratio trended upward from June 2020 to June 2024, with some fluctuations along the way. The company's current ratio as of December 31, 2024, was at a moderate level of 1.04, indicating the company's ability to cover its short-term obligations has improved compared to earlier periods, though it has decreased slightly from the previous quarter.