Expand Energy Corporation (EXE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,044,000 | 1,019,000 | 1,179,000 | 1,079,000 | 713,000 | 903,000 | 130,000 | 130,000 | 74,000 | 17,000 | 19,000 | 905,000 | 849,000 | 612,000 | 340,000 | 279,000 | 306,000 | 82,000 | 82,000 | 6,000 |
| Short-term investments | US$ in thousands | 199,000 | 361,000 | 592,000 | 637,000 | 361,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 261,000 | 350,000 | 314,000 | 593,000 | 685,000 | 671,000 | 864,000 | 1,438,000 | 1,757,000 | 1,804,000 | 1,383,000 | 1,115,000 | 815,000 | 674,000 | 704,000 | 746,000 | 676,000 | 513,000 | 762,000 | 990,000 |
| 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 |
| Quick ratio | 1.67 | 1.86 | 2.04 | 1.76 | 1.09 | 0.95 | 0.52 | 0.58 | 0.43 | 0.43 | 0.32 | 0.83 | 0.66 | 0.69 | 0.72 | 0.33 | 0.32 | 0.25 | 0.37 | 0.42 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,044,000K
+ $199,000K
+ $261,000K)
÷ $899,000K
= 1.67
The quick ratio of Expand Energy Corporation has shown varying trends over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From Dec 31, 2019, to Mar 31, 2020, the quick ratio increased from 0.37 to 0.72, indicating an improvement in the company's short-term liquidity position. However, this improvement was followed by a decline in the quick ratio in the subsequent quarters, with a notable decrease to 0.32 as of Sep 30, 2020.
The quick ratio then experienced a considerable improvement, reaching a peak of 2.04 as of Mar 31, 2024. This significant increase indicates that the company had a higher proportion of liquid assets relative to its current liabilities during that quarter.
The subsequent quarters saw the quick ratio fluctuating, indicating some degree of volatility in Expand Energy Corporation's ability to cover its short-term obligations with its readily available assets. Overall, the quick ratio has shown both positive and negative movements, highlighting the importance of monitoring the company's liquidity position closely.
Peer comparison
Sep 30, 2024