Crescent Energy Co (CRGY)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 132,818 | 136,151 | 781,535 | 5,321 | 2,974 | 228,614 | 2,253 | 2,930 | -10,753 | 22,478 | 54,580 | 112,548 | 128,578 | 63,541 | 74,511 | 34,201 |
| Short-term investments | US$ in thousands | — | 52,225 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 827,363 | 929,753 | 712,314 | 748,076 | 750,257 | 880,798 | 672,432 | 786,116 | 893,749 | 1,039,880 | 1,290,580 | 1,233,900 | 616,125 | 513,486 | 371,781 | 219,610 |
| Cash ratio | 0.16 | 0.20 | 1.10 | 0.01 | 0.00 | 0.26 | 0.00 | 0.00 | -0.01 | 0.02 | 0.04 | 0.09 | 0.21 | 0.12 | 0.20 | 0.16 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($132,818K
+ $—K)
÷ $827,363K
= 0.16
The cash ratio of Crescent Energy Co has fluctuated over the years based on the data provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the beginning of the period, the cash ratio was relatively low, hovering around 0.16 to 0.21 in 2021. There was a significant decrease in the cash ratio in March 31, 2022 to 0.09, indicating a potential liquidity issue. The situation worsened further in the subsequent quarters, with the cash ratio dropping to 0.04 in June 30, 2022, and even lower to 0.02 in September 30, 2022.
However, there was a turnaround in the company's liquidity position as evidenced by a notable improvement in the cash ratio to 0.26 in September 30, 2023. This improvement suggests that Crescent Energy Co was able to increase its cash holdings relative to its short-term liabilities.
The cash ratio dipped again in December 31, 2023 to 0.00, before showing a slight increase to 0.01 in March 31, 2024. The most significant development occurred in June 30, 2024 where there was a substantial spike in the cash ratio to 1.10, indicating a strong liquidity position for the company at that point in time.
By September 30, 2024, the cash ratio decreased to 0.20, suggesting a slight decrease in liquidity compared to the previous quarter. Overall, the analysis of Crescent Energy Co's cash ratio highlights fluctuations in the company's liquidity position over the period, with both strengths and challenges observed at various points.
Peer comparison
Dec 31, 2024