Crescent Energy Co (CRGY)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,974 | 0 | 128,578 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 750,257 | 893,749 | 616,125 |
| Cash ratio | 0.00 | 0.00 | 0.21 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,974K
+ $—K)
÷ $750,257K
= 0.00
The cash ratio of Crescent Energy Co has decreased from 0.21 in 2021 to 0.00 in 2022 and 2023. A cash ratio of 0.00 indicates that the company does not have enough cash or cash equivalents to cover its current liabilities, suggesting a potential liquidity concern. This could mean that the company may face challenges in meeting its short-term obligations using only its available cash resources. It is important for Crescent Energy Co to closely monitor its liquidity position and consider implementing strategies to improve its cash reserves to ensure its ability to meet financial obligations in a timely manner.
Peer comparison
Dec 31, 2023