Expand Energy Corporation (EXE)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($317,000K
+ $—K
+ $—K)
÷ $3,123,000K
= 0.10
The quick ratio of Expand Energy Corporation has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio is calculated by dividing the total liquid assets by the total current liabilities, providing an indication of the company's ability to meet its short-term obligations using its most liquid assets.
The quick ratio started at a low of 0.43 on March 31, 2020, indicating that the company had limited liquid assets available to cover its current liabilities. This ratio dropped sharply to 0.03 on June 30, 2020, signaling potential liquidity concerns. However, the ratio gradually improved to 1.74 on March 31, 2024, surpassing 1.0 which is considered a healthy level, showing that the company had significantly increased its liquid assets relative to its current liabilities.
The quick ratio fluctuated throughout the period, indicating changes in the company's liquidity position. The ratio was erratic, hitting both lows and highs, before stabilizing towards the end of the period. The marked improvement in the quick ratio from 2020 to 2024 suggests that Expand Energy Corporation has enhanced its ability to meet its short-term obligations using its liquid assets. However, the company experienced some volatility in liquidity levels during this period, which may warrant further investigation into the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024