Expand Energy Corporation (EXE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,997,000 | 2,609,000 | 2,698,000 | 2,103,000 | 1,108,000 |
| Total current liabilities | US$ in thousands | 3,123,000 | 1,314,000 | 2,704,000 | 2,447,000 | 3,094,000 |
| Current ratio | 0.64 | 1.99 | 1.00 | 0.86 | 0.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,997,000K ÷ $3,123,000K
= 0.64
Expand Energy Corporation's current ratio has shown significant improvement over the years. The ratio was as low as 0.36 as of December 31, 2020, indicating a potential liquidity concern. However, the company successfully increased its current ratio to 0.86 by the end of 2021, reaching a safer position.
Subsequently, in the following years, Expand Energy Corporation's current ratio continued to strengthen, reaching 1.00 by December 31, 2022, 1.99 by December 31, 2023, and finally dipping slightly to 0.64 as of December 31, 2024.
While the current ratio fluctuated over the years, the overall trend shows an improvement in the company's ability to meet its short-term obligations with its current assets. This indicates better liquidity and financial health for Expand Energy Corporation. Further analysis is recommended to understand the reasons behind the fluctuations and to ensure sustainable liquidity management.
Peer comparison
Dec 31, 2024