Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Expand Energy Corp., liquidity ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Current ratio | 0.64 | 1.99 | 1.00 | 0.86 | |
| Quick ratio | 0.52 | 1.33 | 0.60 | 0.83 | |
| Cash ratio | 0.13 | 0.88 | 0.07 | 0.37 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Expand Energy Corp. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Expand Energy Corp. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Expand Energy Corp. cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Current Ratio
Expand Energy Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Current assets | 1,997) | 2,609) | 2,698) | 2,103) | |
| Current liabilities | 3,123) | 1,314) | 2,704) | 2,447) | |
| Liquidity Ratio | |||||
| Current ratio1 | 0.64 | 1.99 | 1.00 | 0.86 | |
| Benchmarks | |||||
| Current Ratio, Competitors2 | |||||
| Chevron Corp. | 1.06 | 1.27 | 1.47 | 1.26 | |
| ConocoPhillips | 1.29 | 1.43 | 1.46 | 1.34 | |
| Exxon Mobil Corp. | 1.31 | 1.48 | 1.41 | 1.04 | |
| Occidental Petroleum Corp. | 0.95 | 0.92 | 1.15 | 1.23 | |
| Current Ratio, Sector | |||||
| Oil, Gas & Consumable Fuels | 1.19 | 1.38 | 1.41 | 1.14 | |
| Current Ratio, Industry | |||||
| Energy | 1.22 | 1.38 | 1.39 | 1.15 | |
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 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,997 ÷ 3,123 = 0.64
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Expand Energy Corp. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Quick Ratio
Expand Energy Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash and cash equivalents | 317) | 1,079) | 130) | 905) | |
| Restricted cash | 78) | 74) | 62) | 9) | |
| Accounts receivable, net | 1,226) | 593) | 1,438) | 1,115) | |
| Total quick assets | 1,621) | 1,746) | 1,630) | 2,029) | |
| Current liabilities | 3,123) | 1,314) | 2,704) | 2,447) | |
| Liquidity Ratio | |||||
| Quick ratio1 | 0.52 | 1.33 | 0.60 | 0.83 | |
| Benchmarks | |||||
| Quick Ratio, Competitors2 | |||||
| Chevron Corp. | 0.71 | 0.87 | 1.12 | 0.90 | |
| ConocoPhillips | 1.06 | 1.21 | 1.27 | 1.10 | |
| Exxon Mobil Corp. | 0.95 | 1.06 | 1.03 | 0.69 | |
| Occidental Petroleum Corp. | 0.67 | 0.60 | 0.68 | 0.84 | |
| Quick Ratio, Sector | |||||
| Oil, Gas & Consumable Fuels | 0.86 | 0.99 | 1.05 | 0.81 | |
| Quick Ratio, Industry | |||||
| Energy | 0.87 | 0.98 | 1.03 | 0.81 | |
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 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,621 ÷ 3,123 = 0.52
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Expand Energy Corp. quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Cash Ratio
Expand Energy Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash and cash equivalents | 317) | 1,079) | 130) | 905) | |
| Restricted cash | 78) | 74) | 62) | 9) | |
| Total cash assets | 395) | 1,153) | 192) | 914) | |
| Current liabilities | 3,123) | 1,314) | 2,704) | 2,447) | |
| Liquidity Ratio | |||||
| Cash ratio1 | 0.13 | 0.88 | 0.07 | 0.37 | |
| Benchmarks | |||||
| Cash Ratio, Competitors2 | |||||
| Chevron Corp. | 0.18 | 0.25 | 0.52 | 0.21 | |
| ConocoPhillips | 0.50 | 0.66 | 0.72 | 0.55 | |
| Exxon Mobil Corp. | 0.33 | 0.48 | 0.43 | 0.12 | |
| Occidental Petroleum Corp. | 0.22 | 0.16 | 0.13 | 0.33 | |
| Cash Ratio, Sector | |||||
| Oil, Gas & Consumable Fuels | 0.29 | 0.41 | 0.46 | 0.21 | |
| Cash Ratio, Industry | |||||
| Energy | 0.29 | 0.40 | 0.44 | 0.22 | |
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 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 395 ÷ 3,123 = 0.13
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Expand Energy Corp. cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |