Comstock Resources Inc (CRK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,799 | 16,669 | 54,652 | 30,663 | 30,272 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 612,854 | 681,491 | 756,137 | 633,984 | 441,592 |
| Quick ratio | 0.01 | 0.02 | 0.07 | 0.05 | 0.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,799K
+ $—K
+ $—K)
÷ $612,854K
= 0.01
The quick ratio of Comstock Resources Inc has shown a declining trend over the years, dropping from 0.07 as of December 31, 2020, to 0.01 as of December 31, 2024. This indicates that the company's ability to meet its short-term liabilities with its most liquid assets has weakened significantly. A quick ratio below 1 suggests that the company may have difficulties in meeting its current obligations without relying on selling inventory or obtaining additional financing. It is crucial for the company to closely monitor its liquidity position and take necessary steps to improve its ability to cover short-term obligations.
Peer comparison
Dec 31, 2024