Range Resources Corp (RRC)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 304,490 | 277,450 | 251,052 | 343,111 | 211,974 | 162,801 | 162,075 | 227,633 | 207 | 157,144 | 356 | 112,931 | 214,422 | 478 | 464 | 449 | 458 | 517 | 568 | 528 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,274,070 | 1,223,900 | 1,240,870 | 638,276 | 583,086 | 643,513 | 652,035 | 756,900 | 1,020,660 | 2,089,670 | 2,027,980 | 2,337,280 | 1,152,460 | 1,646,330 | 925,919 | 695,434 | 706,841 | 630,120 | 530,253 | 490,125 |
| Cash ratio | 0.24 | 0.23 | 0.20 | 0.54 | 0.36 | 0.25 | 0.25 | 0.30 | 0.00 | 0.08 | 0.00 | 0.05 | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio remained consistently low at 0.00 from March 2020 to June 2022. There was a slight increase seen in the ratio in December 2021 to 0.19, indicating some improvement in the company's ability to cover its short-term liabilities with cash on hand.
A notable increase in the cash ratio was observed in March 2023 to 0.30, indicating a stronger liquidity position compared to previous periods. The ratio further improved in December 2023 to 0.36 and peaked at 0.54 in March 2024, suggesting a significant strengthening of the company's ability to meet short-term obligations with its available cash reserves.
However, the cash ratio decreased in the subsequent periods but remained above 0.20, reflecting a relatively healthy liquidity position. Overall, the trend in the cash ratio indicates that Range Resources Corp has been managing its liquidity effectively, with periods of improvement in cash coverage of short-term liabilities.
Peer comparison
Dec 31, 2024