Range Resources Corp (RRC)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	721,461	870,124	539,587	736,665	289,840
Total current liabilities	US$ in thousands	1,274,070	583,086	1,020,660	1,152,460	706,841
Current ratio		0.57	1.49	0.53	0.64	0.41

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $721,461K ÷ $1,274,070K
= 0.57

The current ratio of Range Resources Corp has displayed fluctuations over the past five years. As of December 31, 2020, the current ratio was 0.41, indicating that the company may have had difficulties meeting its short-term obligations with its current assets. However, there has been an improvement in the current ratio, reaching 1.49 as of December 31, 2023, suggesting that the company's liquidity position strengthened significantly during this period.

Subsequently, by December 31, 2024, the current ratio decreased to 0.57, showing a slight decline in the company's ability to cover its short-term liabilities with current assets. Overall, Range Resources Corp's current ratio has shown variability, and it is important for stakeholders to monitor these fluctuations to assess the company's liquidity position accurately.