Permian Resources Corporation (PR)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	650,392	463,790	86,535	65,586	120,129
Total current liabilities	US$ in thousands	1,241,550	605,569	167,899	131,868	254,466
Current ratio		0.52	0.77	0.52	0.50	0.47

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $650,392K ÷ $1,241,550K
= 0.52

The current ratio of Permian Resources Corp has fluctuated over the past five years. In 2023, the current ratio decreased to 0.52 from 0.77 in 2022, indicating a decrease in the company's ability to cover its short-term obligations with its current assets. This decline may raise concerns about the company's liquidity position and ability to meet its immediate financial obligations. It is important to monitor this ratio in the future to assess the company's liquidity health and financial stability.