Can California Resources cover its short-term obligations?

Its current ratio is 0.55 — current liabilities exceed current assets.

Where does California Resources's balance sheet data come from?

Every line is extracted from California Resources's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

California Resources CRC Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$132M-64.5%	$372M-25.0%	$496M+61.6%	$307M+0.7%
Restricted cash	$15M-16.7%	$18M—	$0—	——
Accounts receivable, net	$333M+0.9%	$330M+52.8%	$216M-33.7%	$326M+33.1%
Inventories	$106M+17.8%	$90M+25.0%	$72M+20.0%	$60M0.0%
Finished goods	$8M+100%	$4M0.0%	$4M0.0%	$4M-33.3%
Prepaid expenses and other current assets	$38M-78.4%	$176M+55.8%	$113M-15.0%	$133M+9.9%
Income taxes receivable	$52M+4.0%	$50M—	$0-100%	$10M—
Derivative assets	$187M+1,236%	$14M-33.3%	$21M-46.2%	$39M+550%
Materials and supplies	$98M+14.0%	$86M+26.5%	$68M+21.4%	$56M+3.7%
Total current assets	$938M-8.4%	$1.02B+10.2%	$929M+7.5%	$864M+14.7%
Property and equipment, net	$5.91B+4.0%	$5.68B+105%	$2.77B-0.6%	$2.79B+7.2%
Accumulated depreciation	$1.62B+52.9%	$1.06B+58.6%	$667M+50.9%	$442M+79.7%
Total property and equipment, gross	$7.52B+11.7%	$6.74B+96.0%	$3.44B+6.5%	$3.23B+13.5%
Operating lease right-of-use assets	$83M-21.0%	$105M+43.8%	$73M0.0%	$73M+69.8%
Deferred tax assets	$685M+55.3%	$441M+17.6%	$375M-68.5%	$1.19B+201%
Other non-current assets	$42M+13.5%	$37M+236%	$11M-26.7%	$15M+36.4%
Equity method investments	$111M+29.1%	$86M+353%	$19M+46.2%	$13M—
Total assets	$7.4B+3.8%	$7.14B+78.5%	$4B+0.8%	$3.97B+3.1%
Accounts payable	$452M+22.5%	$369M+50.6%	$245M-29.0%	$345M+29.7%
Accrued expenses	$159M-74.0%	$611M+66.9%	$366M+22.8%	$298M+0.3%
Deferred revenue	$19M-24.0%	$25M—	——	——
Operating lease liabilities, current	$15M0.0%	$15M0.0%	$15M-16.7%	$18M+63.6%
Accrued interest	$12M0.0%	$12M-33.3%	$18M-5.3%	$19M0.0%
Total current liabilities	$1.05B+7.1%	$980M+59.1%	$616M-31.1%	$894M+4.7%
Long-term debt	$1.28B+13.3%	$1.13B+110%	$540M-8.8%	$592M+0.5%
Operating lease liabilities, non-current	$61M-19.7%	$76M+38.2%	$55M+5.8%	$52M—
Asset retirement obligations	$120M-10.4%	$134M+35.4%	$99M+67.8%	$59M+15.7%
Other non-current liabilities	$312M-17.2%	$377M+87.6%	$201M+8.6%	$185M+27.6%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	200M+19,900%	1M0.0%	1M0.0%	1M0.0%
Additional paid-in capital	$2.63B+1.8%	$2.58B+94.0%	$1.33B+1.8%	$1.31B+1.3%
Retained earnings	$1.91B+13.4%	$1.68B+18.4%	$1.42B+51.3%	$938M+97.5%
Accumulated other comprehensive income (loss)	$87M+16.0%	$75M+1.4%	$74M-8.6%	$81M+12.5%
Treasury stock	$944M+18.6%	$796M+31.8%	$604M+31.0%	$461M+211%
Total stockholders' equity	$3.67B+3.8%	$3.54B+59.4%	$2.22B+19.0%	$1.86B+10.4%
Total liabilities and stockholders' equity	$7.4B+3.8%	$7.14B+78.5%	$4B+0.8%	$3.97B+3.1%
Derivatives	$187M+1,236%	$14M-33.3%	$21M-46.2%	$39M+550%
Other current assets	$353M+101%	$176M+55.8%	$113M-15.0%	$133M+9.9%
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)	$14M-69.6%	$46M+142%	$19M-42.4%	$33M—
Derivative Assets, Current	$187M+1,236%	$14M-33.3%	$21M-46.2%	$39M+550%
Derivative Assets - Fair Value	$101M+531%	$16M+167%	$6M-14.3%	$7M+600%
Other Receivables	$14M-69.6%	$46M+142%	$19M-42.4%	$33M—
Deferred Tax Assets and Other Non-Current Assets	$373M+37.1%	$272M+83.8%	$148M+5.7%	$140M+42.9%
Derivative Assets, Non-Current	$101M+531%	$16M+167%	$6M-14.3%	$7M+600%
Net Investment in Lease	$83M-21.0%	$105M+43.8%	$73M0.0%	$73M+69.8%
Deferred tax assets	$76M+4.1%	$73M-44.7%	$132M-19.5%	$164M-58.6%
Prepaid pension assets	$19M+46.2%	$13M—	——	——
Operating lease right-of-use assets	$83M-21.0%	$105M+43.8%	$73M0.0%	$73M+69.8%
Other non-current assets	$373M+37.1%	$272M+83.8%	$148M+5.7%	$140M+42.9%
Property, plant and equipment, net	$5.91B+4.0%	$5.68B+105%	$2.77B-0.6%	$2.79B+7.2%
Operating Lease Right-of-Use Assets in Other Assets	$83M-21.0%	$105M+43.8%	$73M0.0%	$73M+69.8%
Software and Technology Licenses, Net	$373M+37.1%	$272M+83.8%	$148M+5.7%	$140M+42.9%
Accrued Environmental Liabilities	$27M—	——	——	——
Accrued Manufacturing Costs	$159M-10.2%	$177M+116%	$82M+67.3%	$49M-19.7%
Other Commercial Liabilities	$556M-9.0%	$611M+66.9%	$366M+22.8%	$298M+0.3%
Accrued Liabilities, Current	$556M-9.0%	$611M+66.9%	$366M+22.8%	$298M+0.3%
Derivative Liability, Current	$42M-16.0%	$50M+525%	$8M-96.7%	$246M-8.9%
Compensation and benefits	$159M-10.2%	$177M+116%	$82M+67.3%	$49M-19.7%
Derivative Liabilities - Fair Value	$42M-16.0%	$50M+525%	$8M-96.7%	$246M-8.9%
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$2M-33.3%	$3M—	$0-100%	$8M-27.3%
Deferred Compensation Liability (Non-Current)	$48M-4.0%	$50M+31.6%	$38M+5.6%	$36M-5.3%
Defined Benefit Pension Plan Liabilities (Non-Current)	$57M-3.4%	$59M+63.9%	$36M+9.1%	$33M-44.1%
Derivative Liabilities (Non-Current)	$17M-62.2%	$45M+2,150%	$2M—	$0-100%
Long-Term Debt, Gross	0%—	——	0%—	——
Total debt	$1.36B+10.3%	$1.23B+102%	$610M-7.9%	$662M+3.9%
Total Carrying Value of Debt	$1.3B+13.5%	$1.15B+110%	$545M-9.2%	$600M0.0%
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	110.6M+0.9%	109.6M+31.2%	83.6M+0.2%	83.4M0.0%
Convertible Preferred Stock Authorized Shares	20M0.0%	20M0.0%	20M0.0%	20M0.0%
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—
Additional paid-in capital	$2.63B+1.8%	$2.58B+94.0%	$1.33B+1.8%	$1.31B+1.3%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$1M0.0%	$1M0.0%	$1M0.0%	$1M0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Share Repurchase Authorization Limit	——	——	——	——
Share Repurchase Program - Amount Remaining	——	——	——	——
Net amounts due from joint interest partners	$56M+36.6%	$41M-4.7%	$43M—	——
Accrual for Environmental Loss Contingencies	$27M—	——	——	——
Signal Hill offshore platform expense accrual	$13M—	——	——	——
Allowances of credit losses	$2M—	——	$3M+200%	$1M—
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$200M0.0%	$200M0.0%	$200M0.0%	$200M0.0%
Common stock, shares issued (in shares)	$110.65M+0.9%	$109.61M+31.2%	$83.56M+0.2%	$83.41M0.0%
Common Stock, Shares, Outstanding	$88.75M-2.6%	$91.1M+32.6%	$68.69M-4.5%	$71.95M-9.3%
Long-term debt, gross	$1.3B+13.5%	$1.15B+110%	$545M-9.2%	$600M0.0%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$19M+18.8%	$16M+220%	$5M-37.5%	$8M-27.3%
Debt premiums	$2M-33.3%	$3M—	$0—	——
Decommissioning liability, current	——	——	——	——
Deferred Compensation Liability, Classified, Noncurrent	$48M-4.0%	$50M+31.6%	$38M+5.6%	$36M-5.3%
Deferred Finance Costs Noncurrent Net	$20M-13.0%	$23M+109%	$11M+83.3%	$6M-45.5%
Deferred income taxes	$154M+36.3%	$113M—	$0—	——
Future pension and postretirement benefit obligations	$57M-3.4%	$59M+63.9%	$36M+9.1%	$33M-44.1%
Funded pension	$97M+44.8%	$67M+3,250%	$2M—	——
Derivatives	$101M+531%	$16M+167%	$6M-14.3%	$7M+600%
Derivative Liability, Noncurrent	$17M-62.2%	$45M+2,150%	$2M—	$0-100%
Emission reduction credits	$11M0.0%	$11M0.0%	$11M0.0%	$11M0.0%
Equity method investments (Note 11)	$111M+29.1%	$86M+353%	$19M+46.2%	$13M—
Contingent liability	$117M+9.3%	$107M+106%	$52M—	——
Tax receivable within other current assets	$52M+4.0%	$50M—	$0-100%	$10M—
Investments in consolidated subsidiaries	$0—	$0—	$0—	——
Fair value of long-term debt	$1.34B+15.5%	$1.16B+109%	$554M-3.5%	$574M-7.9%
Longterm Debt Percentage Bearing Variable Interest Amount	$0—	——	$0—	——
Other accrued liabilities	$64M-4.5%	$67M+48.9%	$45M+105%	$22M-8.3%
Other	$20M+25.0%	$16M-11.1%	$18M+50.0%	$12M+33.3%
Amounts due to (from) affiliates	$0—	$0—	——	——
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$20M0.0%	$20M0.0%	$20M0.0%	$20M0.0%
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—
Premiums due on commodity derivative contracts	$22M+57.1%	$14M—	——	——
Prepaid expenses	$38M+35.7%	$28M+47.4%	$19M+11.8%	$17M+6.3%
Greenhouse gas allowances	$0-100%	$27M+125%	$12M—	$0-100%
Share Repurchase Program, Authorized, Amount	——	——	——	——
Share Repurchase Program, Remaining Authorized, Amount	——	——	——	——
Treasury stock, shares (in shares)	$21.89M+18.2%	$18.51M+24.6%	$14.86M+29.7%	$11.46M—

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Questions, answered.

Can California Resources cover its short-term obligations?: Its current ratio is 0.55 — current liabilities exceed current assets.
Where does California Resources's balance sheet data come from?: Every line is extracted from California Resources's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.