Southwestern Energy Company (SWN)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	21,000	26,000	25,000	3,000	50,000	11,000	50,000	21,000	28,000	12,000	2,000	4,000	13,000	95,000	10,000	5,000	5,000	29,000	155,000	366,000
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	2,000	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,729,000	1,758,000	1,910,000	2,166,000	3,481,000	5,451,000	5,294,000	5,670,000	3,052,000	4,162,000	1,944,000	1,370,000	1,012,000	869,000	875,000	914,000	848,000	880,000	912,000	943,000
Cash ratio		0.01	0.01	0.01	0.00	0.01	0.00	0.01	0.00	0.01	0.00	0.00	0.00	0.01	0.11	0.01	0.01	0.01	0.03	0.17	0.39

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 shown a stable improvement over the past eight quarters. The ratio has increased from 0.03 in Q1 2022 to 0.43 in Q4 2023, indicating the company's ability to cover its short-term liabilities with cash and equivalents. This upward trend suggests that Southwestern Energy Company has been effectively managing its liquidity position and maintaining a healthy level of cash reserves relative to its current liabilities. The company's increasing cash ratio signifies a stronger financial position and better ability to meet its upcoming financial obligations with cash on hand. Overall, the consistent improvement in the cash ratio reflects positively on Southwestern Energy Company's liquidity management and financial health.