Southwestern Energy Company (SWN)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 21,000 | 50,000 | 28,000 | 13,000 | 5,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,729,000 | 3,481,000 | 3,052,000 | 1,012,000 | 848,000 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($21,000K
+ $—K)
÷ $1,729,000K
= 0.01
The cash ratio of Southwestern Energy Company has fluctuated over the past five years. In 2023, the cash ratio stood at 0.43, reflecting an improvement from the previous year. This indicates that the company had $0.43 in cash and cash equivalents for every dollar of current liabilities at the end of 2023. Compared to 2022 and 2021, where the cash ratio was 0.08, the significant increase in 2023 suggests a stronger liquidity position. However, it is worth noting that the cash ratio was higher in 2020 at 0.30 and in 2019 at 0.39. Having a higher cash ratio indicates a company's ability to cover its short-term obligations more comfortably with cash on hand. Overall, a cash ratio of 0.43 in 2023 may signify an enhanced liquidity position for Southwestern Energy Company compared to the previous years, but it is important to monitor this ratio in the future to assess the company's ongoing ability to meet its short-term liabilities.
Peer comparison
Dec 31, 2023