CVR Energy Inc (CVI)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,327,000 | 1,157,000 | 1,125,000 |
| Total current liabilities | US$ in thousands | 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 | 590,000 | 482,000 | 580,000 |
| Current ratio | 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 | 2.25 | 2.40 | 1.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,179,000K ÷ $1,682,000K
= 1.30
The current ratio of CVR Energy Inc has exhibited some fluctuations over the past eight quarters, ranging from a low of 1.08 in Q3 2022 to a high of 1.44 in Q3 2023. Overall, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its current liabilities. In the latest quarter, Q4 2023, the current ratio stands at 1.30, which suggests that there has been a slight decrease in the company's short-term liquidity compared to the previous quarter. While the current ratio is still above 1, indicating a healthy liquidity position, management may need to continue monitoring and managing the company's current assets and liabilities to ensure adequate liquidity in the short term.
Peer comparison
Dec 31, 2023