Comstock Resources Inc (CRK)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
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 over the years shows fluctuations with values ranging from 0.01 to 0.18. The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations.
In the case of Comstock Resources Inc, the quick ratio has generally been below 1, implying a potential liquidity risk. The company's quick ratio improved in March 2021 with a value of 0.18, indicating better short-term liquidity. However, this improvement was not sustained, as the quick ratio decreased significantly in subsequent periods, with some quarters showing ratios as low as 0.01.
Overall, the fluctuating quick ratio of Comstock Resources Inc suggests varying levels of liquidity management over the analyzed period. Investors and stakeholders may want to closely monitor the company's ability to meet its short-term obligations in light of these liquidity challenges.
Peer comparison
Dec 31, 2024