The company's debt-to-equity ratio has escalated to 1.15 as total debt climbed to $5.4B, while the current ratio has tightened to 0.57, indicating increased pressure on short-term liquidity.
| Total Current Assets | 896.42M | 1.86B | 788.09M | 615.65M | 516.74M | 479.62M | 220.45M | 165.82M |
| Cash & Short-Term Investments | 9.78M | 10.16M | 132.82M | 2.97M | 0 | 128.58M | 36.86M | 19.89M |
| Cash Only | 9.78M | 10.16M | 132.82M | 2.97M | 0 | 128.58M | 36.86M | 19.89M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 787.92M | 742.83M | 542.27M | 506.74M | 459.75M | 342.2M | 111.82M | 103.3M |
| Days Sales Outstanding | 63.47 | 75.74 | 67.53 | 77.63 | 54.89 | 84.57 | 54.12 | 34.68 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 47.27M | 1.06B | 70.4M | 65.53M | 43.75M | 8.64M | 30.93M | 31.47M |
| Total Non-Current Assets | 11.1B | 10.58B | 8.37B | 6.19B | 5.5B | 4.68B | 3.69B | 3.83B |
| Property, Plant & Equipment | 10.68B | 10.28B | 8.15B | 6.12B | 5.44B | 4.56B | 3.64B | 3.77B |
| Fixed Asset Turnover | 0.39x | 0.35x | 0.36x | 0.39x | 0.56x | 0.32x | 0.21x | 0.29x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 76.56M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 44.11M | 8.15M | 13.81M | 6.08M | 15.04M | 15.41M | 0 | 0 |
| Other Non-Current Assets | 179.52M | 154.33M | 213.7M | 65.78M | 50.3M | 30.75M | 44.77M | 58.16M |
| Total Assets | 12B | 12.44B | 9.16B | 6.8B | 6.02B | 5.16B | 3.91B | 4B |
| Asset Turnover | 0.35x | 0.29x | 0.32x | 0.35x | 0.51x | 0.29x | 0.19x | 0.27x |
| Asset Growth % | 93.92% | 35.83% | 34.65% | 13.01% | 16.72% | 31.99% | -2.26% | - |
| Total Current Liabilities | 1.57B | 1.26B | 827.36M | 750.26M | 893.75M | 616.13M | 120.67M | 200.89M |
| Accounts Payable | 239.7M | 208.87M | 91.55M | 135.52M | 144.56M | 110.64M | 24.04M | 62.6M |
| Days Payables Outstanding | 55.2 | 27.51 | 63.19 | 45.87 | 120.26 | 165.84 | 43.4 | 89.57 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 160.78M | 75.83M | 2.14M | 0 |
| Other Current Liabilities | 451.83M | 86.6M | 64.95M | 359.38M | 177.29M | 192.14M | 28.82M | 65.67M |
| Current Ratio | 0.57x | 1.48x | 0.95x | 0.82x | 0.58x | 0.78x | 1.83x | 0.83x |
| Quick Ratio | 0.57x | 1.48x | 0.95x | 0.82x | 0.58x | 0.78x | 1.83x | 0.83x |
| Cash Conversion Cycle | 8.27 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 5.74B | 6.02B | 3.97B | 2.42B | 1.83B | 1.52B | 893.54M | 1.08B |
| Long-Term Debt | 5.24B | 5.52B | 3.05B | 1.69B | 1.25B | 1.03B | 751.08M | 972.1M |
| Capital Lease Obligations | 9.38M | 3.23M | 3.53M | 7.07M | 7.41M | 3.51M | 0 | 0 |
| Deferred Tax Liabilities | 18.33M | 11.67M | 370.33M | 262.58M | 147.35M | 82.54M | 0 | 0 |
| Other Non-Current Liabilities | 496.54M | 479.32M | 542.22M | 453.34M | 424.79M | 405.23M | 142.46M | 112.47M |
| Total Liabilities | 7.31B | 7.28B | 4.79B | 3.17B | 2.72B | 2.14B | 1.01B | 1.29B |
| Total Debt | 5.37B | 5.71B | 3.13B | 1.76B | 1.32B | 1.09B | 774.79M | 1B |
| Net Debt | 5.36B | 5.7B | 3B | 1.76B | 1.32B | 962.17M | 737.93M | 980.87M |
| Debt / Equity | 1.15x | 1.11x | 0.72x | 0.49x | 0.40x | 0.36x | 0.27x | 0.37x |
| Debt / EBITDA | 3.11x | 3.48x | 2.68x | 1.76x | 0.72x | 1.37x | - | 1.86x |
| Net Debt / EBITDA | 3.11x | 3.47x | 2.57x | 1.76x | 0.72x | 1.21x | - | 1.82x |
| Interest Coverage | 2.26x | 1.68x | 0.22x | 3.37x | 6.39x | -7.52x | -4.67x | 1.87x |
| Total Equity | 4.69B | 5.17B | 4.37B | 3.64B | 3.3B | 3.02B | 2.89B | 2.71B |
| Equity Growth % | 56.12% | 18.26% | 20.14% | 10.21% | 9.25% | 4.37% | 6.68% | - |
| Book Value per Share | 14.28 | 21.08 | 21.71 | 24.05 | 19.52 | 17.82 | 67.13 | 62.93 |
| Total Shareholders' Equity | 4.68B | 5.16B | 3.13B | 1.7B | 848.11M | 682.21M | 2.72B | 1.88B |
| Common Stock | 33K | 33K | 26K | 18K | 17K | 17K | 2.72B | 1.88B |
| Retained Earnings | -419.85M | 0 | -64.75M | 95.45M | 61.96M | -19.38M | 0 | 0 |
| Treasury Stock | -71.06M | -71.05M | -32.43M | -17.14M | -18.45M | -18.45M | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.44M | 7.53M | 1.24B | 1.93B | 2.45B | 2.34B | 176.27M | 830.33M |
Aggressive Debt-Funded Consolidation
According to recent balance sheet filings, Crescent Energy's total assets surged to $12.0B in 2026Q1 from $6.8B in 2023Q4, a rapid expansion that appears primarily driven by inorganic acquisition activity rather than organic growth, significantly altering the company's long-term financial risk profile and capital structure.
The aggressive growth in total assets relative to equity suggests a strategy heavily reliant on external financing to scale operations. This trajectory warrants caution, as the rapid accumulation of assets may mask the underlying operational challenges of integrating diverse, mature legacy basins.
As reported in financial statements, the company's total debt climbed from $1.8B in 2023Q4 to $5.4B by 2026Q1, pushing the debt-to-equity ratio to 1.15, which indicates that the firm is increasingly utilizing leverage to fund its consolidation-heavy business model in the competitive energy sector.
The sharp rise in debt levels suggests that the company is prioritizing scale over balance sheet conservatism. Investors should monitor whether the cash flow generated from these acquired assets will be sufficient to service this mounting debt burden in a volatile commodity price environment.
Based on reported figures, net property, plant, and equipment (PPE) has grown to $10.7B as of 2026Q1, representing the vast majority of the company's asset base and highlighting an asset-heavy business model that requires constant capital reinvestment to maintain production from aging, mature well-stock.
The concentration of value in PPE underscores the company's dependence on physical extraction infrastructure. This asset profile implies significant long-term decommissioning liabilities and ongoing maintenance costs that may constrain future free cash flow generation.
As indicated by quarterly balance sheet data, the current ratio has deteriorated to 0.57 in 2026Q1 from 1.87 in 2024Q2, suggesting that the company's ability to cover short-term obligations has become increasingly constrained as cash reserves dwindle to $9.8M from previous highs.
The significant decline in the current ratio indicates a narrowing margin of safety for meeting immediate operational and debt-related commitments. This liquidity profile appears vulnerable, particularly if the company faces unexpected operational disruptions or further volatility in commodity prices.
Analysis of the equity section reveals that retained earnings have shifted to a negative $419.8M in 2026Q1, which suggests that recent aggressive growth and acquisition strategies may be eroding the company's core equity base rather than building long-term value for shareholders.
The transition to negative retained earnings warrants further investigation into the quality of the company's earnings and the sustainability of its dividend policy. This trend may indicate that the costs associated with the current consolidation strategy are outpacing the operational benefits realized from the acquired assets.
Quick answers to the most common questions about buying CRGY stock.
As of 2025, Crescent Energy Company (CRGY) had total assets of $12.44B including $1.86B in current assets.
Crescent Energy Company (CRGY) carries total debt of $5.71B, offset by $10.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Crescent Energy Company (CRGY) has total shareholders' equity (book value) of $5.16B ($21.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Crescent Energy Company (CRGY) reported a current ratio of 1.48x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.