Range Resources Corp (RRC)

Current 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
Total current assets	US$ in thousands	721,461	655,541	716,828	861,640	870,124	595,977	561,571	693,764	539,587	862,366	669,395	575,795	736,665	412,355	339,712	308,632	289,840	209,147	331,839	467,117
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
Current ratio		0.57	0.54	0.58	1.35	1.49	0.93	0.86	0.92	0.53	0.41	0.33	0.25	0.64	0.25	0.37	0.44	0.41	0.33	0.63	0.95

December 31, 2024 calculation

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

Range Resources Corp's current ratio has fluctuated over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

In March 2020, the current ratio was 0.95, indicating that the company had almost enough current assets to cover its current liabilities. However, in the subsequent quarters, the current ratio decreased significantly to as low as 0.25 in September 2021, suggesting potential liquidity concerns as the company may have had difficulty meeting its short-term obligations.

There was a slight improvement in the current ratio in December 2021 and March 2022 but it remained below 1, indicating that the company's current liabilities exceeded its current assets during these periods.

From March 2023 onwards, there was a notable improvement in the current ratio, reaching a peak of 1.49 in December 2023, which indicates that the company had more than enough current assets to cover its short-term liabilities. This improvement suggests enhanced liquidity and financial health for Range Resources Corp in the latter part of the analyzed period.

The current ratio dipped slightly by June 2024 to 0.58, but remained above 1, indicating that the company's short-term obligations were comfortably covered by its current assets.

Overall, the upward trend in the current ratio from March 2023 to December 2023, followed by a relatively stable current ratio above 1 in 2024, is a positive indicator of Range Resources Corp's ability to meet its short-term financial obligations and manage its liquidity effectively.