Expand Energy Corporation (EXE)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 317,000 | 1,120,000 | 1,095,000 | 1,179,000 | 1,079,000 | 713,000 | 903,000 | 130,000 | 192,000 | 130,000 | 26,000 | 28,000 | 914,000 | 858,000 | 622,000 | 408,000 | 279,000 | 306,000 | 82,000 | 82,000 |
| Short-term investments | US$ in thousands | — | 199,000 | 361,000 | 592,000 | 637,000 | 361,000 | 417,000 | 464,000 | 34,000 | 4,000 | 2,000 | 1,000 | 5,000 | — | — | 4,000 | 19,000 | — | — | 884,000 |
| Total current liabilities | US$ in thousands | 3,123,000 | 899,000 | 931,000 | 1,020,000 | 1,314,000 | 1,614,000 | 1,651,000 | 1,898,000 | 2,704,000 | 4,238,000 | 4,241,000 | 4,392,000 | 2,447,000 | 2,510,000 | 1,866,000 | 1,443,000 | 3,094,000 | 3,105,000 | 2,389,000 | 2,260,000 |
| Cash ratio | 0.10 | 1.47 | 1.56 | 1.74 | 1.31 | 0.67 | 0.80 | 0.31 | 0.08 | 0.03 | 0.01 | 0.01 | 0.38 | 0.34 | 0.33 | 0.29 | 0.10 | 0.10 | 0.03 | 0.43 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($317,000K
+ $—K)
÷ $3,123,000K
= 0.10
Expand Energy Corporation's cash ratio has fluctuated significantly over the past few years. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
From the data provided, we observe that the cash ratio was relatively low in the initial periods, with values ranging from 0.03 to 0.43. This suggests that the company may have had limited cash reserves compared to its short-term obligations during these periods.
However, there was a notable improvement in the cash ratio starting from March 31, 2023, where it increased to 0.31 and continued to rise significantly thereafter. This trend indicates that Expand Energy Corporation enhanced its liquidity position and improved its ability to meet its short-term financial obligations with cash on hand.
The cash ratio peaked at 1.74 on March 31, 2024, indicating a sharp increase in liquidity and a strong ability to cover short-term liabilities with cash reserves. This significant improvement suggests that the company may have implemented effective cash management strategies or experienced an influx of cash during this period.
The ratio decreased slightly in the subsequent quarters, settling at 0.10 by December 31, 2024. This reduction could be influenced by various factors such as changes in operating cash flows, investment decisions, or debt repayment activities.
Overall, the upward trend in Expand Energy Corporation's cash ratio from 2023 to early 2024 reflects an improved liquidity position and a strengthened ability to meet short-term financial obligations with available cash and cash equivalents. However, the downward movement towards the end of 2024 warrants continued monitoring to ensure that the company maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024