California Resources Corporation

California Resources Corporationverified

CRC

Price:

$51.5

Market Cap:

$4.71B

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 December 2024 (TTM) for California Resources Corporation (CRC) is 0.28

According to California Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.28. This represents a change of -80.11% compared to the average of 1.41 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 0.28 Current Ratio has changed 3.14% 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 less than than its 3-year, less than than its 5-year, and less than 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 less than Berry Corporation (0.80), less than Magnolia Oil & Gas Corporation (1.47), less than Comstock Resources, Inc. (0.60), less than Gulfport Energy Corporation (0.68), less than Evolution Petroleum Corporation (1.69), less than GeoPark Limited (1.28), less than Granite Ridge Resources, Inc (1.56), less than PHX Minerals Inc. (3.19), less than Epsilon Energy Ltd. (2.02), less than CNX Resources Corporation (0.37), less than Civitas Resources, Inc. (0.45), less than Matador Resources Company (0.88), less than Chord Energy Corporation (0.93), less than SilverBow Resources, Inc. (0.63), less than North European Oil Royalty Trust (1.57),

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