Crescent Energy Co (CRGY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 132,818 | 2,974 | -10,753 | 128,578 | 36,861 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 827,363 | 750,257 | 893,749 | 616,125 | 120,671 |
| Quick ratio | 0.16 | 0.00 | -0.01 | 0.21 | 0.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($132,818K
+ $—K
+ $—K)
÷ $827,363K
= 0.16
The quick ratio of Crescent Energy Co has experienced fluctuations over the years based on the provided data.
As of December 31, 2020, the quick ratio was 0.31, indicating that the company had $0.31 in liquid assets available to cover each dollar of current liabilities. This ratio improved slightly to 0.21 by December 31, 2021, suggesting a decrease in the company's ability to cover its short-term obligations.
However, by December 31, 2022, the quick ratio dropped to -0.01, indicating that the company's liquid assets were insufficient to cover its current liabilities, potentially raising concerns about its short-term solvency. This negative ratio may be due to a significant increase in current liabilities combined with a reduction in liquid assets.
The quick ratio remained at a concerning level of 0.00 as of December 31, 2023, implying a continued lack of liquid assets to meet immediate debt obligations. Subsequently, there was a slight improvement in the quick ratio to 0.16 by December 31, 2024, but it still indicates a relatively weak liquidity position.
Overall, the trend in Crescent Energy Co's quick ratio shows some volatility and a general deterioration in liquidity position over the years, which may require closer monitoring and potential action to improve the company's short-term financial health.
Peer comparison
Dec 31, 2024