Expand Energy Corporation (EXE)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,797,000 | 2,013,000 | 2,378,000 | 2,609,000 | 2,515,000 | 2,220,000 | 2,629,000 | 2,698,000 | 2,059,000 | 2,010,000 | 1,487,000 | 2,103,000 | 1,734,000 | 1,354,000 | 1,190,000 | 1,108,000 | 1,072,000 | 690,000 | 1,818,000 | 1,251,000 |
| Total current liabilities | US$ in thousands | 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 | 2,392,000 |
| Current ratio | 2.00 | 2.16 | 2.33 | 1.99 | 1.56 | 1.34 | 1.39 | 1.00 | 0.49 | 0.47 | 0.34 | 0.86 | 0.69 | 0.73 | 0.82 | 0.36 | 0.35 | 0.29 | 0.80 | 0.52 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,797,000K ÷ $899,000K
= 2.00
The current ratio of Expand Energy Corporation has shown fluctuations over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
In the most recent period, as of September 30, 2024, the current ratio stands at 2.00, indicating that the company has $2.00 in current assets for every $1.00 in current liabilities. This suggests a healthy liquidity position.
Looking at the trend over the past several quarters, the current ratio has been above 1.00 since at least December 31, 2021, indicating that the company has had more current assets than current liabilities, generally a positive sign.
However, it is worth noting that the current ratio has fluctuated significantly over the period under review, ranging from a low of 0.29 on March 31, 2020, to a high of 2.33 on March 31, 2024. This fluctuation may indicate changes in the company's liquidity position and its ability to manage short-term obligations effectively.
Overall, while the current ratio has improved in recent quarters, Expand Energy Corporation should continue to monitor and manage its liquidity position to ensure it can meet its short-term obligations as they come due.
Peer comparison
Sep 30, 2024