Coterra Energy Inc (CTRA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,321,000 | 2,015,000 | 2,211,000 | 2,136,000 | 416,000 |
| Total current liabilities | US$ in thousands | 1,136,000 | 1,660,000 | 1,193,000 | 1,220,000 | 390,000 |
| Current ratio | 2.92 | 1.21 | 1.85 | 1.75 | 1.07 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,321,000K ÷ $1,136,000K
= 2.92
Coterra Energy Inc's current ratio has shown fluctuations over the past five years. In 2020, the current ratio was 1.07, indicating that the company's current assets were just sufficient to cover its current liabilities. The ratio increased significantly in 2021 to 1.75, signaling improved liquidity and better ability to meet short-term obligations.
Subsequently, the current ratio continued to strengthen in 2022, reaching 1.85, which suggests a further enhancement in the company's liquidity position. However, there was a slight decline in 2023, with the current ratio dropping to 1.21, indicating a potential liquidity strain compared to the previous year.
Finally, in 2024, Coterra Energy Inc witnessed a substantial improvement in its current ratio, soaring to 2.92. This significant increase implies a robust liquidity position, reflecting the company's ability to cover its short-term liabilities with a comfortable margin.
Overall, the trend in Coterra Energy Inc's current ratio showcases fluctuations but generally indicates an improvement in liquidity from 2020 to 2024, with the most remarkable enhancement observed in 2024, demonstrating a strengthened ability to meet short-term obligations.
Peer comparison
Dec 31, 2024