California Resources has a quick ratio of 0.95. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for California Resources's Quick Ratio or its related term are showing as below:
CRC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.72 Max: 1.39
Current: 0.95
During the past 13 years, California Resources's highest Quick Ratio was 1.39. The lowest was 0.51. And the median was 0.72.
CRC's Quick Ratio is ranked worse than 59.61% of 1030
companies
in the Oil & Gas industry
Industry Median: 1.16
vs CRC: 0.95
California Resources Quick Ratio Historical Data
The historical data trend for California Resources's Quick 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.
Competitive Comparison of California Resources's Quick Ratio
For the Oil & Gas E&P subindustry, California Resources's Quick Ratio, along with its competitors' market caps and Quick 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.
California Resources's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, California Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where California Resources's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
California Resources's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
California Resources (NYSE:CRC) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
California Resources Quick Ratio Related Terms
Thank you for viewing the detailed overview of California Resources's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.
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