Range Resources Corp (RRC)

Quick 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 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 — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 302,212 181,143 205,756 167,215 274,669 217,335 187,762 256,030 481,050 634,333 608,575 413,026 471,775 366,695 299,590 286,491 252,642 182,698 169,151 188,162
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
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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($304,490K + $—K + $302,212K) ÷ $1,274,070K
= 0.48

Range Resources Corp's quick ratio has shown fluctuations over the reporting periods, ranging from a low of 0.22 to a high of 0.83. The quick ratio measures the company's ability to meet its short-term liabilities using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.

In the most recent period, December 31, 2024, Range Resources Corp's quick ratio improved to 0.48, implying a stronger liquidity position compared to previous periods. However, it is essential to monitor this ratio over time to ensure the company can comfortably cover its short-term liabilities.