Expand Energy Corporation (EXE)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	317,000	1,079,000	130,000	905,000	279,000
Short-term investments	US$ in thousands	—	637,000	34,000	5,000	19,000
Total current liabilities	US$ in thousands	3,123,000	1,314,000	2,704,000	2,447,000	3,094,000
Cash ratio		0.10	1.31	0.06	0.37	0.10

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($317,000K + $—K) ÷ $3,123,000K
= 0.10

The cash ratio of Expand Energy Corporation has fluctuated over the years based on the provided data. In 2020, the cash ratio was 0.10, indicating that the company had $0.10 in cash and cash equivalents for every $1 of current liabilities. Subsequently, there was a significant improvement in 2021, with the cash ratio increasing to 0.37, suggesting a better liquidity position.

However, in 2022, the cash ratio dropped to 0.06, possibly indicating a decrease in the company's ability to cover its short-term obligations with its available cash resources. The following year, in 2023, there was a remarkable improvement as the cash ratio surged to 1.31, showcasing a strengthened liquidity position compared to previous years.

Lastly, in 2024, the cash ratio reverted to 0.10, returning to the same level as in 2020. This fluctuation in the cash ratio over the years highlights the importance of closely monitoring a company's liquidity position and its ability to meet short-term financial obligations with available cash reserves.