Expand Energy Corporation (EXE)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,079,000 | 130,000 | 905,000 | 279,000 | 6,000 |
| Short-term investments | US$ in thousands | 637,000 | 34,000 | 5,000 | 19,000 | — |
| Receivables | US$ in thousands | 593,000 | 1,438,000 | 1,115,000 | 746,000 | 990,000 |
| Total current liabilities | US$ in thousands | 1,314,000 | 2,704,000 | 2,447,000 | 3,094,000 | 2,392,000 |
| Quick ratio | 1.76 | 0.59 | 0.83 | 0.34 | 0.42 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,079,000K
+ $637,000K
+ $593,000K)
÷ $1,314,000K
= 1.76
The quick ratio of Expand Energy Corporation has shown significant fluctuations over the past five years. As of December 31, 2023, the quick ratio stands at 1.76, indicating a strong liquidity position. This improvement from the previous year's quick ratio of 0.59 suggests that the company has ample liquid assets to cover its current liabilities in the short term.
In contrast, the quick ratio was relatively lower in the preceding years, with values of 0.83, 0.34, and 0.42 as of December 31, 2022, 2021, and 2020, respectively. These lower ratios suggest a tighter liquidity position and potential difficulty in meeting short-term obligations without liquidating inventory or other current assets quickly.
Overall, the upward trend in Expand Energy Corporation's quick ratio from 2019 to 2023 indicates a positive shift towards a healthier liquidity position. However, it is important to monitor this ratio consistently to ensure the company maintains sufficient liquid assets to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023