CVR Energy Inc (CVI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,824,000 | 2,179,000 | 1,593,000 | 1,369,000 | 1,402,000 |
| Total current liabilities | US$ in thousands | 1,098,000 | 1,682,000 | 1,439,000 | 1,156,000 | 659,000 |
| Current ratio | 1.66 | 1.30 | 1.11 | 1.18 | 2.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,824,000K ÷ $1,098,000K
= 1.66
The current ratio of CVR Energy Inc has shown variability over the past five years, ranging from 1.11 to 2.13. In December 2020, the current ratio was the highest at 2.13, indicating that the company had $2.13 in current assets for every $1 of current liabilities. However, there was a significant decrease in the current ratio in the subsequent years, with the ratio dropping to 1.18 in December 2021, 1.11 in December 2022, and 1.30 in December 2023.
It is worth noting that the current ratio improved in December 2024, reaching 1.66. A current ratio above 1.0 generally indicates that a company has more current assets than current liabilities, which suggests a strong liquidity position. While the current ratio for CVR Energy Inc has been fluctuating, the trend in recent years indicates some challenges in managing short-term liquidity, although the ratio has shown a positive uptick in the most recent period. Further analysis of the components contributing to current assets and liabilities would provide a more nuanced understanding of the company's liquidity position.
Peer comparison
Dec 31, 2024