Permian Resources Corporation (PR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 479,343 | 73,290 | 59,545 | 9,380 | 5,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,327,340 | 1,241,550 | 605,569 | 167,899 | 131,868 |
| Cash ratio | 0.36 | 0.06 | 0.10 | 0.06 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($479,343K
+ $—K)
÷ $1,327,340K
= 0.36
The cash ratio of Permian Resources Corporation has shown a fluctuating trend over the five-year period from 2020 to 2024. It increased from 0.04 in December 2020 to 0.10 in December 2022, signifying an improvement in the company's ability to cover its short-term obligations using cash reserves. However, the ratio decreased to 0.06 by December 2023 before experiencing a significant surge to 0.36 by December 2024.
The substantial increase in the cash ratio in December 2024 indicates a strengthened liquidity position for Permian Resources Corporation, with a higher proportion of cash available to meet its current liabilities. This improvement could be attributed to various factors such as effective cash management strategies, successful cost controls, or increased cash inflows during that period.
Overall, the upward trend in the cash ratio from 2020 to 2024 suggests a positive liquidity position for Permian Resources Corporation, although fluctuations in the ratio highlight the importance of closely monitoring and managing the company's cash resources to ensure sufficient liquidity for ongoing operations and financial stability.
Peer comparison
Dec 31, 2024