Coterra Energy Inc (CTRA)
Cash 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 and cash equivalents | US$ in thousands | 2,038,000 | 843,000 | 1,070,000 | 1,289,000 | 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 |
| Short-term investments | US$ in thousands | — | — | 250,000 | 250,000 | 0 | — | — | — | — | — | — | — | — | — | — | — | 113 | — | — | — |
| Total current liabilities | US$ in thousands | 1,136,000 | 1,080,000 | 1,665,000 | 1,709,000 | 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 |
| Cash ratio | 1.79 | 0.78 | 0.79 | 0.90 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,038,000K
+ $—K)
÷ $1,136,000K
= 1.79
The cash ratio of Coterra Energy Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, in March 2020, the cash ratio was 0.52, indicating that the company had 52 cents in cash and cash equivalents for every dollar of its current liabilities. The ratio decreased to 0.31 in June 2020, possibly suggesting a decrease in the company's cash holdings or an increase in its short-term liabilities.
From September 2020 to December 2021, the cash ratio fluctuated within the range of 0.44 to 0.85, showing some variability in the company's liquidity position. Notably, by March 2022, the cash ratio improved significantly to 0.87, indicating a stronger ability to meet short-term obligations with cash on hand.
The cash ratio continued to show variations in the subsequent quarters, with values ranging from 0.16 to 1.79 by December 2024. The significant increase in the cash ratio to 1.79 suggests a substantial improvement in Coterra Energy Inc's liquidity position by the end of 2024.
Overall, monitoring the cash ratio provides insights into the company's liquidity management and its ability to meet short-term financial commitments. The upward trend in the cash ratio over the analyzed period indicates an enhancement in the company's liquidity position, which can be seen as a positive sign for its financial health.
Peer comparison
Dec 31, 2024