Comstock Resources Inc (CRK)

Current 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
Total current assets	US$ in thousands	284,034	299,712	323,407	358,064	461,493	327,184	282,166	422,824	644,987	708,824	530,811	268,022	318,736	309,592	224,878	244,043	199,810	149,830	192,655	267,837
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
Current ratio		0.46	0.60	0.59	0.64	0.68	0.50	0.37	0.67	0.85	0.65	0.55	0.29	0.50	0.29	0.34	0.56	0.45	0.39	0.66	0.82

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $284,034K ÷ $612,854K
= 0.46

Comstock Resources Inc's current ratio has exhibited volatility over the reported periods. The current ratio indicates the company's ability to cover its short-term obligations with its current assets. The ratio has fluctuated between 0.29 and 0.85, with the lowest value recorded in September 2021 and the highest in December 2022.

A current ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities with its current assets alone. During the analysis period, the company's current ratio has mostly been below 1, indicating potential liquidity concerns. It is crucial for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity position and short-term financial health.