Coterra Energy Inc (CTRA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,321,000 | 1,735,000 | 2,337,000 | 2,550,000 | 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 |
| 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 |
| Current ratio | 2.92 | 1.61 | 1.40 | 1.49 | 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 |
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 fluctuated over the past five years, ranging from a low of 0.84 on September 30, 2020, to a high of 2.92 on December 31, 2024. Overall, the current ratio has shown some volatility, indicating potential liquidity challenges or improvements within the company.
The current ratio measures a company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally considered favorable. Conversely, a current ratio below 1 may suggest a company is unable to easily cover its short-term liabilities.
Coterra Energy's current ratio has generally remained above 1 in recent periods, indicating the company has had sufficient current assets to cover its short-term obligations. However, the ratio experienced a significant decrease to 0.84 on September 30, 2020, which could have raised concerns about the company's liquidity position at that time.
It is important to monitor Coterra Energy's current ratio closely to assess its ongoing liquidity health and ability to meet its immediate financial obligations. A current ratio below industry averages or consistently declining ratios may signal potential financial distress or inefficiencies in managing working capital.
Peer comparison
Dec 31, 2024