CVR Energy Inc (CVI)
Cash ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 987,000 | 534,000 | 644,000 | 581,000 | 889,000 | 751,000 | 601,000 | 510,000 | 618,000 | 893,000 | 676,000 | 510,000 | 566,000 | 519,000 | 707,000 | 667,000 | 672,000 | 606,000 | 805,000 | 652,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 4,000 | 6,000 | 235,000 | 173,000 | 119,000 | 188,000 | 170,000 | — |
| Total current liabilities | US$ in thousands | 1,098,000 | 1,055,000 | 1,043,000 | 1,682,000 | 1,311,000 | 1,285,000 | 1,347,000 | 1,439,000 | 1,531,000 | 1,695,000 | 1,552,000 | 1,156,000 | 1,035,000 | 1,112,000 | 995,000 | 659,000 | 457,000 | 369,000 | 504,000 | 596,000 |
| Cash ratio | 0.90 | 0.51 | 0.62 | 0.35 | 0.68 | 0.58 | 0.45 | 0.35 | 0.40 | 0.53 | 0.44 | 0.44 | 0.55 | 0.47 | 0.95 | 1.27 | 1.73 | 2.15 | 1.93 | 1.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($987,000K
+ $—K)
÷ $1,098,000K
= 0.90
The cash ratio of CVR Energy Inc has fluctuated over the years based on the provided data. As of December 31, 2019, the cash ratio was 1.09, indicating that the company had $1.09 in cash and cash equivalents for every $1 of current liabilities.
The ratio increased to 2.15 as of June 30, 2020, which suggests an improvement in the company's ability to cover its short-term obligations with cash on hand. However, the cash ratio declined to 0.47 by June 30, 2021, indicating a decrease in liquidity.
Subsequently, the ratio remained relatively low, hovering around 0.4 to 0.6 until December 31, 2024, where it increased to 0.90. Overall, the trend indicates some volatility in CVR Energy Inc's liquidity position over the years, with periods of improvement and decline in its ability to meet short-term obligations using available cash resources.
Peer comparison
Dec 31, 2024