Coterra Energy Inc (CTRA)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 1,104,000 | 771,000 | 926,000 | 878,000 | 1,012,000 | 742,000 | 622,000 | 775,000 | 1,418,000 | 1,614,000 | 1,788,000 | 1,164,000 | 1,120,000 | 340,437 | 205,124 | 200,402 | 220,895 | 293,553 | 273,261 | 292,248 |
| 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,038,000K
+ $—K
+ $1,104,000K)
÷ $1,136,000K
= 2.77
The quick ratio of Coterra Energy Inc has fluctuated over the past five years, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
From the data provided, we observe that the quick ratio has generally been above 1, which suggests that Coterra Energy Inc has had an adequate level of liquid assets to cover its current liabilities during most quarters.
However, the quick ratio saw a significant decrease in the last quarter of 2021, dropping to 0.89, which may suggest a potential liquidity concern during that period. Following this decrease, the company made improvements, with the ratio climbing to 1.81 by the end of June 2022.
Despite this recovery, there were fluctuations in the quick ratio over the following quarters, with values ranging between 0.97 and 1.77. By the end of December 2024, the quick ratio spiked to 2.77, indicating a substantial increase in liquidity and the company's ability to meet short-term obligations comfortably.
Overall, the trend in Coterra Energy Inc's quick ratio suggests that the company has managed its liquidity levels well, with some periods of tighter liquidity followed by improvements in subsequent quarters. Monitoring this ratio will be crucial for assessing the company's short-term financial health in the future.
Peer comparison
Dec 31, 2024