Permian Resources Corporation (PR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 479,343 | 73,290 | 59,545 | 9,380 | 5,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,327,340 | 1,241,550 | 605,569 | 167,899 | 131,868 |
| Quick ratio | 0.36 | 0.06 | 0.10 | 0.06 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($479,343K
+ $—K
+ $—K)
÷ $1,327,340K
= 0.36
The quick ratio measures a company's ability to meet its short-term liabilities using its most liquid assets. For Permian Resources Corporation, the quick ratio has shown fluctuations over the years. Starting at a low of 0.04 on December 31, 2020, the ratio improved to 0.06 in the following year, indicating a slight increase in the company's ability to cover its short-term obligations.
On December 31, 2022, the quick ratio further improved to 0.10, signaling a better liquidity position for Permian Resources Corporation. However, there was a dip in the quick ratio to 0.06 by December 31, 2023, suggesting a potential challenge in meeting short-term liabilities during that period.
The most significant improvement was noted by the end of December 31, 2024, with the quick ratio reaching 0.36. This surge indicates a substantial increase in liquidity and the company's ability to cover short-term obligations using its quick assets. Overall, the trend in the quick ratio for Permian Resources Corporation reflects fluctuations, with notable improvements in certain years.
Peer comparison
Dec 31, 2024