Crescent Energy Co (CRGY)

Current ratio

		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
Total current assets	US$ in thousands	864,705	1,334,340	563,765	615,652	903,114	596,936	540,041	516,739	580,476	673,046	649,080	479,618
Total current liabilities	US$ in thousands	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
Current ratio		0.93	1.87	0.75	0.82	1.03	0.89	0.69	0.58	0.56	0.52	0.53	0.78

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $864,705K ÷ $929,753K
= 0.93

The current ratio of Crescent Energy Co has fluctuated significantly over the past few quarters, indicating potential liquidity challenges.

The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.

Looking at the trend, the company experienced a significant improvement in liquidity from the Jun 30, 2024 quarter with a current ratio of 1.87, indicating a healthier financial position. However, this improvement was not sustained as the current ratio dropped to 0.75 in the following quarter.

Overall, the company's current ratio has been volatile, with fluctuations between 0.56 to 1.87 over the past few quarters. This indicates that Crescent Energy Co may need to closely monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.