Comstock Resources Inc (CRK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 284,034 | 461,493 | 644,987 | 318,736 | 199,810 |
| Total current liabilities | US$ in thousands | 612,854 | 681,491 | 756,137 | 633,984 | 441,592 |
| Current ratio | 0.46 | 0.68 | 0.85 | 0.50 | 0.45 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $284,034K ÷ $612,854K
= 0.46
The current ratio of Comstock Resources Inc has seen fluctuations over the past five years, starting at a low of 0.45 in December 2020. Subsequently, it showed improvements, reaching 0.50 in December 2021 and further increasing to 0.85 in December 2022, indicating a strengthening short-term liquidity position. However, the ratio declined in the following years, dropping to 0.68 in December 2023 and further decreasing to 0.46 by December 2024.
While the current ratio in 2022 reflected a healthy liquidity position with current assets being more than sufficient to cover current liabilities, the subsequent decreases in 2023 and 2024 suggest potential challenges in meeting short-term obligations. It is important for stakeholders to monitor this ratio closely to ensure that the company can effectively manage its current financial obligations.
Peer comparison
Dec 31, 2024