Crescent Energy Co (CRGY)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 shown fluctuating trends over the years, indicating variations in the company's ability to meet its short-term obligations with its most liquid assets. The ratio stood at 0.16 as of March 31, 2021, gradually increasing to 0.21 by December 31, 2021. However, it then experienced a significant decline to 0.09 on March 31, 2022, and further dropped to 0.04 by June 30, 2022, reflecting potential liquidity challenges.
The quick ratio continued to decrease and reached negative territory at -0.01 by December 31, 2022, indicating that the company's current assets may not be sufficient to cover its current liabilities in the short term. The ratio improved slightly in the subsequent periods, fluctuating around 0.00.
The ratio experienced a sharp increase to 1.10 by June 30, 2024, indicating a significant improvement in Crescent Energy Co's ability to meet its short-term obligations with its quick assets. This sudden surge suggests better liquidity and financial health for the company compared to the previous periods.
Overall, the quick ratio of Crescent Energy Co has displayed volatility and variability, highlighting the importance of monitoring liquidity levels and managing short-term financial obligations effectively.
Peer comparison
Dec 31, 2024