Range Resources Corp (RRC)

Liquidity ratios

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
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
Quick ratio 0.48 0.37 0.37 0.80 0.83 0.59 0.54 0.64 0.47 0.38 0.30 0.23 0.60 0.22 0.32 0.41 0.36 0.29 0.32 0.38
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

Range Resources Corp's current ratio has shown fluctuations over the years, ranging from a low of 0.25 to a high of 1.49. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. The ratio has improved towards the end of the period, reaching a comfortable level above 1, indicating the company may have sufficient current assets to cover its current liabilities.

The quick ratio, which excludes inventory from current assets, also exhibited variability but generally stayed within a narrower range compared to the current ratio. The quick ratio provides a more conservative measure of liquidity compared to the current ratio. The company's quick ratio improved over the years, showing a positive trend towards better liquidity.

The cash ratio was consistently low or even non-existent in the early quarters, indicating limited cash reserves to cover immediate obligations. However, the cash ratio increased significantly in the later periods, suggesting improved liquidity as the company accumulated more cash relative to its current liabilities.

Overall, Range Resources Corp's liquidity ratios demonstrate improvements over time, with the current and quick ratios showing a positive trend towards better liquidity, and the cash ratio reflecting an increasing ability to cover short-term obligations with cash on hand.

Additional liquidity measure

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 conversion cycle days -85.24 -49.71 -81.22 -88.58 197.17 42.49 33.66 2.57 -57.10 -56.27 -51.75 -80.97 -54.94 -26.87 6.37 -0.71 -1.61 24.86 16.53 36.80

The cash conversion cycle of Range Resources Corp has exhibited fluctuations over the periods provided. A negative cash conversion cycle indicates that the company is efficiently converting its inventory into cash, paying suppliers, and receiving payments from customers.

From March 31, 2020, to March 31, 2022, the company significantly improved its cash conversion cycle, moving from 36.80 days to -80.97 days. This sharp decrease suggests that Range Resources Corp became more efficient in managing its working capital during this period.

However, there was a reversal in trend by the end of 2023, as the cash conversion cycle increased substantially to 197.17 days. This significant increase may raise concerns about the company's ability to efficiently manage its working capital during that period.

Subsequently, the company managed to bring the cash conversion cycle back to a more manageable level by the end of 2024, with a negative cash conversion cycle of -85.24 days. This improvement indicates that Range Resources Corp resumed its efficiency in converting its resources into cash more effectively.

Overall, Range Resources Corp witnessed fluctuations in its cash conversion cycle over the reported periods, highlighting the importance of closely monitoring working capital management to ensure sustainable financial health and operational efficiency.