Permian Resources Corporation (PR)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	120,129	161,176	160,012	214,408
Total current liabilities	US$ in thousands	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	254,466	287,488	301,583	274,435
Current ratio		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	0.47	0.56	0.53	0.78

December 31, 2023 calculation

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

Permian Resources Corp's current ratio has shown fluctuations in recent quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets alone.

In the most recent quarter, Q4 2023, Permian Resources Corp's current ratio stood at 0.52, the lowest among the data provided. This suggests that the company may be facing challenges in covering its short-term liabilities with its current assets. The previous quarter, Q3 2023, showed a slight improvement with a current ratio of 0.74, but it still remained below 1.

Looking back further, Permian Resources Corp's current ratio was relatively stronger in Q2 2022 at 1.11, indicating a healthier position in meeting short-term obligations with current assets. However, there has been a downward trend since then, with the current ratio fluctuating around or below 1.

Overall, Permian Resources Corp's current ratio indicates a potential liquidity risk, as it has been consistently below 1 in recent quarters. This suggests that the company may need to improve its liquidity position by either increasing current assets or reducing short-term liabilities to ensure it can meet its obligations in a timely manner. Further analysis of the composition of current assets and liabilities would provide a more detailed insight into the company's liquidity management.