California Resources Corporation

California Resources Corporationverified

CRC

Price:

$50.63

Market Cap:

$4.54B

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2020-10-28

Stock Exchange

NYSE

Ticker

CRC

The Current Ratio as of September 2024 (TTM) for California Resources Corporation (CRC) is 2.43

According to California Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.43. This represents a change of 45.18% compared to the average of 1.67 of the last 4 quarters.

California Resources Corporation (CRC) Historical Current Ratio (quarterly & annually)

How has CRC Current Ratio performed in the past?

The mean historical Current Ratio of California Resources Corporation over the last ten years is 0.86. The current 2.43 Current Ratio has changed 27.99% with respect to the historical average. Over the past ten years (40 quarters), CRC's Current Ratio was at its highest in in the June 2024 quarter at 2.43. The Current Ratio was at its lowest in in the June 2020 quarter at 0.07.

Quarterly (TTM)
Annual

Average

0.86

Median

0.80

Minimum

0.59

Maximum

1.51

California Resources Corporation (CRC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of California Resources Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 109.88%

Maximum Annual Current Ratio = 1.51

Minimum Annual Increase = -34.32%

Minimum Annual Current Ratio = 0.59

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.5156.05%
20220.979.61%
20210.8826.77%
20200.700.44%
20190.69-34.32%
20181.0559.79%
20170.6612.72%
20160.59-28.74%
20150.826.17%
20140.77109.88%

California Resources Corporation (CRC) Average Current Ratio

How has CRC Current Ratio performed in the past?

The current Current Ratio of California Resources Corporation (CRC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.12

5-year avg

0.95

10-year avg

0.86

California Resources Corporation (CRC) Current Ratio vs. Peers

How is CRC’s Current Ratio compared to its peers?

California Resources Corporation’s Current Ratio is greater than Berry Corporation (0.62), greater than Magnolia Oil & Gas Corporation (1.28), greater than Comstock Resources, Inc. (0.59), greater than Gulfport Energy Corporation (0.79), greater than Evolution Petroleum Corporation (1.37), greater than GeoPark Limited (1.16), greater than Granite Ridge Resources, Inc (2.24), less than PHX Minerals Inc. (5.05), less than Epsilon Energy Ltd. (2.47), greater than CNX Resources Corporation (0.41), greater than Civitas Resources, Inc. (0.41), greater than Matador Resources Company (0.86), greater than Chord Energy Corporation (0.96), greater than SilverBow Resources, Inc. (0.63), greater than North European Oil Royalty Trust (1.57),

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