Comstock Resources Inc (CRK)

Cash 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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	6,799	13,772	19,270	6,420	16,669	19,835	9,919	33,677	54,652	38,648	32,272	12,137	30,663	27,841	19,727	77,435	30,272	28,268	11,595	15,527
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	612,854	499,765	552,275	556,018	681,491	659,961	762,062	628,311	756,137	1,091,530	964,661	938,487	633,984	1,063,460	655,525	433,584	441,592	380,782	290,966	327,619
Cash ratio		0.01	0.03	0.03	0.01	0.02	0.03	0.01	0.05	0.07	0.04	0.03	0.01	0.05	0.03	0.03	0.18	0.07	0.07	0.04	0.05

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,799K + $—K) ÷ $612,854K
= 0.01

Comstock Resources Inc's cash ratio has experienced fluctuations over the periods analyzed. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

From March 31, 2020, to June 30, 2021, the cash ratio ranged from 0.03 to 0.18, displaying variability in the company's ability to cover its short-term obligations with cash on hand. The highest cash ratio of 0.18 was observed on March 31, 2021, indicating that Comstock Resources had a relatively strong ability to meet its short-term liabilities with its cash reserves at that point in time.

However, from June 30, 2021, to December 31, 2024, the cash ratio generally remained below 0.05, with occasional increases and decreases. This suggests potential challenges in the company's ability to maintain a high level of liquid assets relative to its short-term liabilities during these periods.

Overall, the analysis of Comstock Resources Inc's cash ratio indicates some fluctuation in its liquidity position over the analyzed periods, underscoring the importance of closely monitoring the company's cash management practices to ensure it maintains an adequate level of liquidity to meet its short-term obligations.