Southwestern Energy Company (SWN)

Current 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
Total current assets	US$ in thousands	1,415,000	1,042,000	1,120,000	1,199,000	1,664,000	2,002,000	2,004,000	1,238,000	1,413,000	902,000	593,000	602,000	671,000	613,000	770,000	972,000	679,000	633,000	764,000	887,000
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
Current ratio		0.82	0.59	0.59	0.55	0.48	0.37	0.38	0.22	0.46	0.22	0.31	0.44	0.66	0.71	0.88	1.06	0.80	0.72	0.84	0.94

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,415,000K ÷ $1,729,000K
= 0.82

The current ratio is a measure of a company's ability to meet its short-term obligations with its short-term assets. A current ratio below 1 indicates that a company may have difficulty meeting its short-term liabilities.

Based on the data provided for Southwestern Energy Company, the current ratio has been consistently below 1 for the past eight quarters. This indicates that the company may have challenges in meeting its short-term financial obligations using its current assets alone.

The current ratio has shown a gradual improvement over the past quarters, with a notable increase from Q1 2022 to Q1 2023. However, the current ratio still remains relatively low, suggesting that Southwestern Energy Company may need to monitor and manage its short-term liquidity carefully.

It is important for investors and stakeholders to closely monitor the current ratio trend over time to assess the company's ability to manage its short-term financial obligations effectively.