GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (NYSE:CTRA) » Definitions » Current Ratio

Coterra Energy (Coterra Energy) Current Ratio : 1.49 (As of Mar. 2024)


View and export this data going back to 1990. Start your Free Trial

What is Coterra Energy Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Coterra Energy's current ratio for the quarter that ended in Mar. 2024 was 1.49.

Coterra Energy has a current ratio of 1.49. It generally indicates good short-term financial strength.

The historical rank and industry rank for Coterra Energy's Current Ratio or its related term are showing as below:

CTRA' s Current Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.61   Max: 3.61
Current: 1.49

During the past 13 years, Coterra Energy's highest Current Ratio was 3.61. The lowest was 0.61. And the median was 1.61.

CTRA's Current Ratio is ranked better than
56.47% of 1075 companies
in the Oil & Gas industry
Industry Median: 1.33 vs CTRA: 1.49

Coterra Energy Current Ratio Historical Data

The historical data trend for Coterra Energy's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coterra Energy Current Ratio Chart

Coterra Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.07 1.75 1.85 1.21

Coterra Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.74 1.04 1.21 1.49

Competitive Comparison of Coterra Energy's Current Ratio

For the Oil & Gas E&P subindustry, Coterra Energy's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coterra Energy's Current Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Coterra Energy's Current Ratio distribution charts can be found below:

* The bar in red indicates where Coterra Energy's Current Ratio falls into.



Coterra Energy Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Coterra Energy's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=2015/1660
=1.21

Coterra Energy's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=2550/1709
=1.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Coterra Energy  (NYSE:CTRA) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Coterra Energy Current Ratio Related Terms

Thank you for viewing the detailed overview of Coterra Energy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Coterra Energy (Coterra Energy) Business Description

Traded in Other Exchanges
Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).
Executives
Thomas E Jorden director, officer: CEO and President C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Dan O Dinges director PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Andrea Alexander officer: SVP & Chief HR Officer C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201
Young, Iii Shannon E. officer: EVP & Chief Financial Officer COBALT CENTER, 920 MEMORIAL CITY WAY, SUITE 100, HOUSTON TX 77024
Michael D. Deshazer officer: VP - Business Units THREE MEMORIAL CITY PLAZA, 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Scott C Schroeder officer: Executive Vice President & CFO CABOT OIL & GAS CORPORATION, PO BOX 4544, HOUSTON TX 77210-4544
Hans Helmerich director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Adam M Vela officer: VP & General Counsel 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Blake A Sirgo officer: SVP - Operations 1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Stephen P Bell officer: Ex VP C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Steven W Lindeman officer: Sr. Vice Pres, South Reg & Eng 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Francis Brian Barron officer: Sr VP - General Counsel 1099 18TH STREET, SUITE 2300, DENVER CO 80202
Gary J. Hlavinka officer: Vice President, (MBU) 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Christopher Clason officer: SVP and Chief HR Officer 1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Todd M Roemer officer: Controller 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024

Coterra Energy (Coterra Energy) Headlines

From GuruFocus

Q4 2018 Cabot Oil & Gas Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2020 Cabot Oil & Gas Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2023 Coterra Energy Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2022 Coterra Energy Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2020 Cabot Oil & Gas Corp Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2021 Coterra Energy Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2021 Coterra Energy Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Coterra Energy Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024