Current Ratio
since 2021
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2021
- Return on Equity (ROE) since 2021
- Price to Book Value (P/BV) since 2021
- Aggregate Accruals
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Calculation
Expand Energy Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 US$ in millions
- Current Assets
- The current assets displayed a fluctuating trend over the four-year period. There was a notable increase from 2,103 million US dollars at the end of 2021 to 2,698 million in 2022, indicating an improvement in the liquidity position. However, in 2023, current assets slightly decreased to 2,609 million and then experienced a significant decline to 1,997 million in 2024. This downward shift in the latest year may suggest a reduction in readily available resources for short-term obligations.
- Current Liabilities
- The current liabilities exhibited significant variability. From 2,447 million US dollars in 2021, they increased marginally to 2,704 million in 2022. Subsequently, these liabilities sharply decreased to 1,314 million in 2023, suggesting a potential payoff or restructuring of short-term obligations. However, in 2024, current liabilities surged dramatically to 3,123 million, which may represent increased short-term debt or obligations that could pressure liquidity.
- Current Ratio
- The current ratio, a key liquidity metric, reflected the interplay between current assets and liabilities. It improved from 0.86 in 2021 to a neutral 1.00 in 2022, indicating a balanced liquidity position. In 2023, the current ratio nearly doubled to 1.99, which may signal strong liquidity and an enhanced ability to cover short-term liabilities. However, in 2024, the current ratio sharply declined to 0.64, substantially below the generally accepted threshold of 1.0, indicating potential liquidity challenges and a greater risk in meeting short-term financial obligations.
- Overall Analysis
- The financial data portrays a volatile liquidity position for the company over the analyzed period. The years 2022 and 2023 showed signs of improving liquidity conditions, as evidenced by rising current assets and an increasing current ratio. Conversely, the year 2024 reflects a reversal of this trend, with decreased current assets, substantially increased current liabilities, and a deteriorated current ratio, highlighting potential liquidity risks that merit further investigation.
Comparison to Competitors
Expand Energy Corp., current ratio, long-term trends, comparison to competitors
| Expand Energy Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | |||||
| Dec 31, 2023 | |||||
| Dec 31, 2022 | |||||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Expand Energy Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Expand Energy Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Industry (Energy)
Expand Energy Corp., current ratio, long-term trends, comparison to industry (energy)
| Expand Energy Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).