Crescent Energy Co (CRGY)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	788,088	615,652	516,739	479,618	220,448
Total current liabilities	US$ in thousands	827,363	750,257	893,749	616,125	120,671
Current ratio		0.95	0.82	0.58	0.78	1.83

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $788,088K ÷ $827,363K
= 0.95

The current ratio of Crescent Energy Co has exhibited a fluctuating trend over the past five years. Starting at 1.83 on December 31, 2020, the ratio decreased to 0.78 by December 31, 2021, signifying a decline in short-term liquidity. This decline continued into the following year, with a current ratio of 0.58 on December 31, 2022, indicating potential difficulties in meeting its short-term financial obligations.

However, there was a partial recovery in the subsequent year, as the current ratio improved to 0.82 by December 31, 2023. This suggests a slight strengthening in the company's short-term liquidity position. By December 31, 2024, the current ratio further increased to 0.95, indicating a continued improvement in the ability to cover short-term liabilities with current assets.

Overall, the current ratio of Crescent Energy Co has shown variability, with periods of decreased liquidity followed by some recovery. It is important for stakeholders to monitor this ratio closely to assess the company's ability to manage short-term obligations effectively.