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. Cheniere Energy's current ratio for the quarter that ended in Jun. 2022 was 0.82.
Cheniere Energy has a current ratio of 0.82. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Cheniere Energy has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Cheniere Energy's Current Ratio or its related term are showing as below:
LNG'
s Current Ratio Range Over the Past 10 Years
Min: 0.05 Med: 2.25 Max: 56.3
Current: 0.82
During the past 13 years, Cheniere Energy's highest Current Ratio was 56.30. The lowest was 0.05. And the median was 2.25.
LNG's Current Ratio is ranked worse than 75.27% of 1096
companies
in the Oil & Gas industry
Industry Median: 1.38
vs LNG: 0.82
Cheniere Energy Current Ratio Historical Data
The historical data trend for Cheniere 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.
Cheniere Energy Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Current Ratio
2.69
2.43
2.25
1.44
1.08
Cheniere Energy Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Current Ratio
1.04
0.86
1.08
1.24
0.82
Competitive Comparison
For the Oil & Gas Midstream subindustry, Cheniere 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.
Cheniere Energy Current Ratio Distribution
For the Oil & Gas industry and Energy sector, Cheniere Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cheniere Energy's Current Ratio falls into.
Cheniere 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.
Cheniere Energy's Current Ratio for the fiscal year that ended in Dec. 2021
* 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.
Cheniere Energy (AMEX:LNG) 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.
Cheniere Energy Current Ratio Related Terms
Thank you for viewing the detailed overview of Cheniere Energy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cheniere Energy owns and operates the Sabine Pass liquefied natural gas terminal via its stake in Cheniere Partners. It also owns the under-development Corpus Christi LNG terminals as well as Cheniere Marketing, which markets LNG using Cheniere's gas volumes.
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