Comstock Resources Inc (CRK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,799 | 16,669 | 54,652 | 30,663 | 30,272 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 612,854 | 681,491 | 756,137 | 633,984 | 441,592 |
| Cash ratio | 0.01 | 0.02 | 0.07 | 0.05 | 0.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,799K
+ $—K)
÷ $612,854K
= 0.01
The cash ratio of Comstock Resources Inc has fluctuated over the past five years. Starting at 0.07 on December 31, 2020, the ratio decreased to 0.05 by December 31, 2021, and then increased back to 0.07 by December 31, 2022. However, there was a significant drop in the cash ratio to 0.02 by December 31, 2023, and a further decline to 0.01 by December 31, 2024. This downward trend indicates that the company may be facing challenges in maintaining sufficient cash reserves to cover its short-term liabilities. It is essential for Comstock Resources Inc to closely monitor its cash position and financial management practices to ensure liquidity and financial stability in the future.
Peer comparison
Dec 31, 2024