Coterra Energy Inc (CTRA)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	956,000	847,000	841,000	973,000	673,000	778,000	1,059,000	1,447,000	1,036,000	76,270	158,147	173,659	140,000	170,000	117,164	202,842	200,227	82,316	241,394	314,889
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	113	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,660,000	1,640,000	941,000	1,209,000	1,193,000	1,415,000	1,570,000	1,659,000	1,220,000	466,010	378,684	315,092	390,000	385,928	381,388	387,177	328,034	294,785	234,026	240,315
Cash ratio		0.58	0.52	0.89	0.80	0.56	0.55	0.67	0.87	0.85	0.16	0.42	0.55	0.36	0.44	0.31	0.52	0.61	0.28	1.03	1.31

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($956,000K + $—K) ÷ $1,660,000K
= 0.58

The cash ratio of Coterra Energy Inc has fluctuated over the past eight quarters, ranging from a minimum of 0.55 in Q3 2023 to a maximum of 1.00 in Q2 2023. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

An increasing trend in the cash ratio indicates that the company has been holding more cash relative to its current liabilities, which could suggest improved liquidity and financial health. Conversely, a decreasing trend may indicate potential liquidity challenges or less conservative cash management.

Overall, the cash ratio of Coterra Energy Inc has shown variability, and it is essential to assess this ratio in conjunction with other financial metrics to get a comprehensive understanding of the company's financial position and liquidity management.