Comstock Resources Inc (CRK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 461,493 | 644,987 | 318,736 | 199,810 | 289,685 |
| Total current liabilities | US$ in thousands | 681,491 | 756,137 | 633,984 | 441,592 | 392,376 |
| Current ratio | 0.68 | 0.85 | 0.50 | 0.45 | 0.74 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $461,493K ÷ $681,491K
= 0.68
The current ratio of Comstock Resources, Inc. has exhibited fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 0.68, indicating that the company's current assets are 0.68 times its current liabilities. Compared to the previous year, there has been a decline from 0.85 in 2022 to the current ratio of 0.68 in 2023.
The current ratio below 1 suggests that the company may have difficulties meeting its short-term obligations with its current assets alone. It is essential for stakeholders to monitor this ratio closely, as a current ratio significantly below 1 may indicate liquidity issues and potential challenges in paying off short-term liabilities.
It is advisable for Comstock Resources, Inc. to take measures to improve its current ratio by either increasing its current assets or reducing its current liabilities, to strengthen its financial position and ensure it can meet its short-term financial obligations more comfortably.
Peer comparison
Dec 31, 2023