Crescent Energy Co (CRGY)

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
Total current assets	US$ in thousands	788,088	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	255,305	251,514	210,058
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
Current ratio		0.95	0.93	1.87	0.75	0.82	1.03	0.89	0.69	0.58	0.56	0.52	0.53	0.78	0.50	0.68	0.96

December 31, 2024 calculation

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

Crescent Energy Co's current ratio has fluctuated over the past few years, indicating changes in the company's short-term liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

The trend in Crescent Energy Co's current ratio shows some variability, starting at 0.96 on March 31, 2021, declining to a low of 0.50 on September 30, 2021, and fluctuating between 0.52 to 0.78 until June 30, 2022. The ratio then decreased to 0.52 by March 31, 2022, indicating potential liquidity constraints.

However, there was a notable improvement in the current ratio from June 30, 2022, reaching a peak of 1.87 on June 30, 2024, before settling at 0.95 by December 31, 2024. This surge may indicate a significant increase in current assets relative to current liabilities during this period, reflecting improved liquidity and potentially better financial health.

The current ratio exceeding 1.0 from September 30, 2023, to December 31, 2024, suggests that Crescent Energy Co had more current assets than current liabilities, implying a strong ability to meet its short-term obligations during this timeframe. Nonetheless, it is essential for the company to sustain an adequate current ratio above 1.0 to ensure continued operational efficiency and financial stability.