Expand Energy Corporation (EXE)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.64 | 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 |
| Quick 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 |
| 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 |
Expand Energy Corporation's liquidity ratios indicate fluctuations in its ability to meet short-term obligations over the reporting periods.
The current ratio, which measures the firm's ability to cover short-term liabilities with current assets, shows significant variation. It dropped to a concerning low of 0.29 in June 2020 but gradually improved and reached a peak of 2.33 in March 2024, suggesting a healthier liquidity position towards the end of the period.
The quick ratio, a more stringent measure of liquidity excluding inventories from current assets, also exhibits variability. June 2020 saw a critically low quick ratio of 0.03, but it improved over time, peaking at 1.74 in March 2024. This indicates a gradual increase in the company's ability to meet liabilities with its most liquid assets.
The cash ratio, which focuses solely on cash and cash equivalents to cover current liabilities, presents a similar trend to the quick ratio. A notable improvement is seen from a low of 0.01 in September 2022 to a high of 1.74 in March 2024, indicating a strengthening ability to meet short-term financial obligations with cash reserves.
Overall, while Expand Energy Corporation experienced fluctuations in liquidity ratios over the reporting period, there is a general trend of improvement towards the later dates, indicating a positive shift in the company's short-term liquidity position.
See also:
Additional liquidity measure
| 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 conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Expand Energy Corporation's cash conversion cycle has consistently remained at 0.00 days throughout the periods from March 31, 2020, to December 31, 2024. This indicates that the company is efficient in converting its investments in inventory and other resources into cash quickly, thereby minimizing the time it takes to generate cash flow from its operational activities. A cash conversion cycle of 0.00 days suggests that Expand Energy is effectively managing its working capital, inventory levels, and accounts receivable, resulting in a streamlined process of converting resources into revenue. This efficient cash conversion cycle is beneficial for the company as it implies a strong liquidity position and the ability to maintain smooth operations without facing cash flow constraints.