Range Resources Corp (RRC)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	304,490	211,974	207	214,422	458
Short-term investments	US$ in thousands	—	101,641	—	—	—
Total current liabilities	US$ in thousands	1,274,070	583,086	1,020,660	1,152,460	706,841
Cash ratio		0.24	0.54	0.00	0.19	0.00

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($304,490K + $—K) ÷ $1,274,070K
= 0.24

The cash ratio of Range Resources Corp has exhibited fluctuations over the years. As of December 31, 2020, the cash ratio was very low at 0.00, indicating a minimal level of cash to cover its current liabilities.

However, there was a significant improvement by December 31, 2021, with the cash ratio increasing to 0.19. This suggests that the company had a slightly higher proportion of cash available to cover its short-term obligations compared to the previous year.

In the following year, by December 31, 2022, the cash ratio decreased back to 0.00, indicating a potential decrease in the company's cash position relative to its current liabilities.

By December 31, 2023, there was a substantial improvement in the cash ratio, which increased to 0.54. This indicates that Range Resources Corp had a more comfortable liquidity position, with more cash on hand to meet its short-term obligations.

Finally, by December 31, 2024, the cash ratio slightly decreased to 0.24. Despite the decrease from the previous year, the ratio still indicates that the company had a reasonable level of cash to cover its immediate liabilities.

Overall, the trend in the cash ratio of Range Resources Corp shows some variability, with improvements in liquidity seen in certain years and declines in others. It is essential for the company to maintain adequate levels of cash to ensure it can meet its short-term financial obligations.