Permian Resources Corporation (PR)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,121,590	650,392	463,790	86,535	65,586
Total current liabilities	US$ in thousands	1,327,340	1,241,550	605,569	167,899	131,868
Current ratio		0.84	0.52	0.77	0.52	0.50

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,121,590K ÷ $1,327,340K
= 0.84

Permian Resources Corporation's current ratio has shown some fluctuations over the past five years. The current ratio was 0.50 as of December 31, 2020, indicating that the company had less in current assets to cover its current liabilities. Over the following years, there was a slight increase to 0.52 by December 31, 2021, and a further rise to 0.77 by December 31, 2022, which suggests an improvement in the company's short-term liquidity position.

However, the current ratio decreased back to 0.52 by December 31, 2023, indicating a potential strain on the company's ability to meet its short-term obligations. Nevertheless, the ratio then increased significantly to 0.84 by December 31, 2024, indicating that the company had an improved ability to cover its current liabilities with its current assets.

Overall, while there have been fluctuations in Permian Resources Corporation's current ratio over the past five years, the most recent data as of December 31, 2024, shows a positive trend towards a healthier liquidity position. It is essential for the company to continue monitoring and managing its current assets and liabilities effectively to maintain a strong financial position in the future.