Coterra Energy Inc (CTRA)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 2.77 | 1.49 | 1.35 | 1.41 | 1.19 | 0.97 | 1.55 | 1.45 | 1.75 | 1.69 | 1.81 | 1.57 | 1.77 | 0.89 | 0.96 | 1.19 | 0.93 | 1.20 | 1.02 | 1.28 |
| 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 |
The current ratio, which measures Coterra Energy Inc's ability to cover its short-term liabilities with its current assets, shows some fluctuations over the periods analyzed. It ranged between 0.84 and 1.85, with an average of 1.43. The ratio exceeded 1 in most periods, indicating that the company had more current assets than current liabilities.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, also exhibited variability but generally remained healthy. It ranged from 0.89 to 2.77, with an average of 1.46. Similar to the current ratio, the quick ratio mostly stayed above 1, suggesting Coterra Energy had an adequate level of liquid assets to cover its short-term obligations.
The cash ratio, which focuses solely on the most liquid assets like cash and equivalents, showed an average of 0.6, varying between 0.16 and 1.79. This ratio indicates the company's ability to pay off its current liabilities using only its cash and near-cash assets. Overall, the cash ratio demonstrates improved liquidity in recent periods compared to earlier years.
In conclusion, Coterra Energy Inc generally maintained satisfactory liquidity levels throughout the periods examined based on its current, quick, and cash ratios. The company's ability to meet its short-term obligations improved over time, best highlighted by the consistent values above 1 for both the current and quick ratios.
Additional liquidity measure
| 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 conversion cycle | days | -223.54 | -230.77 | -229.23 | -247.05 | -250.40 | -206.13 | -207.75 | -291.73 | -262.40 | -191.82 | -205.86 | -198.69 | -180.68 | -103.66 | -87.41 | -92.30 | -77.64 | -202.12 | -238.40 | -286.39 |
The cash conversion cycle of Coterra Energy Inc has shown some fluctuations over the years. The company's cash conversion cycle has generally been negative, indicating that the company is efficient in converting its resources into cash. However, it is important to note that the cycle has varied between -77.64 days to -291.73 days, with the lowest point occurring in March 31, 2022, and the highest point occurring in March 31, 2020.
Overall, it appears that Coterra Energy Inc has been able to manage its working capital effectively, with the cash conversion cycle staying mostly in the negative range. This indicates that the company is able to quickly convert its inventory into sales and then into cash, reflecting efficient operations in managing its cash flow. Further analysis would be needed to understand the specific factors contributing to the fluctuations in the cash conversion cycle over the years.