Range Resources Corp (RRC)

Cash 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
Cash and cash equivalents US$ in thousands 211,974 162,801 162,075 227,633 207 157,144 356 112,931 214,422 478 464 449 458 517 568 528 546 354 507 488
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 583,086 643,513 652,035 756,900 1,020,660 2,089,670 2,027,980 2,337,280 1,152,460 1,646,330 925,919 695,434 706,841 630,120 530,253 490,125 566,544 557,430 613,631 670,800
Cash ratio 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 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($211,974K + $—K) ÷ $583,086K
= 0.36

Range Resources Corp's cash ratio has shown significant improvement over the quarters, indicating an enhanced ability to cover its short-term obligations with cash and cash equivalents. In Q4 2023, the cash ratio stood at a robust 1.01, reflecting a strong liquidity position compared to the previous quarters. This is a positive trend from Q1 2022 when the cash ratio was notably lower at 0.06, indicating potential liquidity challenges. The consistent increase in the cash ratio suggests that Range Resources Corp has been effectively managing its cash resources and strengthening its financial position, which is a favorable sign for investors and creditors.


Peer comparison

Dec 31, 2023