Permian Resources Corporation (PR)

Current 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
Total current assets	US$ in thousands	1,121,590	865,538	578,117	607,377	650,392	565,190	426,037	443,995	463,790	445,764	349,879	189,434	86,535	109,546	100,342	87,009	65,586	64,509	77,628	73,730
Total current liabilities	US$ in thousands	1,327,340	1,271,960	1,167,630	1,112,030	1,241,550	760,011	722,724	681,998	605,569	615,766	316,101	299,727	167,899	228,536	220,879	194,191	131,868	120,705	157,861	239,045
Current ratio		0.84	0.68	0.50	0.55	0.52	0.74	0.59	0.65	0.77	0.72	1.11	0.63	0.52	0.48	0.45	0.45	0.50	0.53	0.49	0.31

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 fluctuations over the past few years, ranging from a low of 0.31 on March 31, 2020, to a high of 1.11 on June 30, 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

Initially, the current ratio was quite low, indicating potential liquidity issues as the company may have had difficulty meeting its short-term liabilities. However, there was an improvement in the current ratio over time, reaching a peak in June 2022. This improvement suggests that Permian Resources Corporation was better able to cover its short-term obligations with its current assets during that period.

Subsequently, there were some fluctuations in the current ratio, with peaks and troughs observed in the following years. The current ratio decreased from its peak in June 2022 but remained relatively stable within the range of 0.50 to 0.84 in the period up to December 31, 2024.

Overall, the current ratio trend indicates varying levels of liquidity for Permian Resources Corporation over the years, with improvements seen in the company's ability to cover its short-term obligations with current assets, albeit with some fluctuations. It is important for the company to maintain a healthy current ratio to ensure it can meet its short-term financial obligations effectively.