Coterra Energy Inc (CTRA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,015,000 | 1,713,000 | 1,640,000 | 2,005,000 | 2,211,000 | 2,350,000 | 2,832,000 | 2,597,000 | 2,136,000 | 442,723 | 396,066 | 411,915 | 416,000 | 322,552 | 463,934 | 541,789 | 568,248 | 421,679 | 631,330 | 680,191 |
| 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 |
| Current ratio | 1.21 | 1.04 | 1.74 | 1.66 | 1.85 | 1.66 | 1.80 | 1.57 | 1.75 | 0.95 | 1.05 | 1.31 | 1.07 | 0.84 | 1.22 | 1.40 | 1.73 | 1.43 | 2.70 | 2.83 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,015,000K ÷ $1,660,000K
= 1.21
Coterra Energy Inc's current ratio has shown fluctuations over the past eight quarters, ranging from 1.04 to 1.85. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
In Q4 2023, the current ratio was 1.21, indicating that the company may have had a slightly lower ability to meet its short-term obligations with its current assets compared to the previous quarter. However, the ratio remained above 1, suggesting that Coterra Energy Inc still had more current assets than current liabilities.
Looking at the trend over the past two years, the current ratio has generally remained above 1.5, indicating that Coterra Energy Inc has maintained a healthy liquidity position. The peak in the current ratio was observed in Q4 2022 at 1.85, signaling a strong ability to cover short-term obligations at that point in time.
Overall, while there have been fluctuations in the current ratio, Coterra Energy Inc has generally maintained a solid liquidity position over the past two years, which is essential for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2023