CVR Energy Inc (CVI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,824,000 | 1,408,000 | 1,555,000 | 2,179,000 | 1,887,000 | 1,646,000 | 1,637,000 | 1,593,000 | 1,658,000 | 2,119,000 | 1,766,000 | 1,369,000 | 1,304,000 | 1,200,000 | 1,597,000 | 1,402,000 | 1,254,000 | 1,259,000 | 1,396,000 | 1,274,000 |
| 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 |
| Current ratio | 1.66 | 1.33 | 1.49 | 1.30 | 1.44 | 1.28 | 1.22 | 1.11 | 1.08 | 1.25 | 1.14 | 1.18 | 1.26 | 1.08 | 1.61 | 2.13 | 2.74 | 3.41 | 2.77 | 2.14 |
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 fluctuated over the given period, ranging from a high of 3.41 on June 30, 2020, to a low of 1.08 on June 30, 2021. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations.
During the first half of the data period, the current ratio showed a generally increasing trend, peaking at 3.41 on June 30, 2020, which indicates a strong ability to cover short-term liabilities. However, the ratio started to decline from that point, reaching a low of 1.08 on June 30, 2021, which may suggest potential liquidity concerns or difficulties in meeting short-term obligations.
Subsequently, there were some fluctuations in the ratio, with values ranging between 1.08 and 1.66. The ratio generally stayed below 2, indicating that the company may have had limited cushion to cover its short-term liabilities, especially during the latter part of the period.
Overall, the trend in CVR Energy Inc's current ratio suggests fluctuations in its short-term liquidity position, with periods of stronger and weaker ability to cover its current obligations. It would be important for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024