California Resources Corporation (CRC) Balance Sheet
CRC balance sheet, 2025
December 31, 2025 · U.S. dollars$7.40B assets = $3.73B liabilities + $3.67B equity
Both columns are drawn to the same scale: what CRC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRC financial health
Current ratio0.89
Tight · current assets cover current liabilities 0.89×
Debt / equity0.37
Low leverage · $0.37 of debt for each $1 of equity
Equity / assets49.6%
Equity-funded · of assets funded by shareholders
Cash / debt9.7%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CRC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.35B2016 | $7.40B2025 | +1.7%/yr | |
| Total liabilities | $6.91B2016 | $3.73B2025 | −6.6%/yr | |
| Shareholders’ equity | −$557.0M2016 | $3.67B2025 | — | |
| Cash & short-term investments | $12.0M2016 | $132.0M2025 | +30.5%/yr | |
| Total debt | $5.27B2016 | $1.36B2025 | −14.0%/yr | |
| Net cash (debt) | −$5.26B2016 | −$1.23B2025 | +$4.0B | |
| Working capital | −$301.0M2016 | −$112.0M2025 | +$189.0M | |
| Book value per share | −$13.792016 | $42.042025 | — | |
| Current ratio | 0.592016 | 0.892025 | +0.31 | |
| Debt / equity | 10.742018 | 0.372025 | −10.37 | |
| Shares outstanding | 40.4M2016 | 87.4M2025 | +9.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CRC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CRC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $132.0M | $372.0M | $496.0M | $307.0M | $305.0M | $28.0M | $17.0M | $17.0M | $20.0M | $12.0M |
| Cash & equivalents | $132.0M | $372.0M | $496.0M | $307.0M | $305.0M | $28.0M | $17.0M | $17.0M | $20.0M | $12.0M |
| Short-term investments | — | $4.78B | — | — | — | — | — | — | $0 | — |
| Receivables | $455.0M | $467.0M | $278.0M | $408.0M | $292.0M | $219.0M | $347.0M | $367.0M | $353.0M | $276.0M |
| Inventory | $106.0M | $90.0M | $72.0M | $60.0M | $60.0M | $61.0M | $67.0M | $69.0M | $56.0M | $58.0M |
| Other current assets | $245.0M | $95.0M | $83.0M | $89.0M | $96.0M | $21.0M | $60.0M | $187.0M | $54.0M | $79.0M |
| Total current assets | $938.0M | $1.02B | $929.0M | $864.0M | $753.0M | $329.0M | $491.0M | $640.0M | $483.0M | $425.0M |
| Property, plant & equipment (net) | $5.99B | $5.79B | $2.84B | $2.86B | $2.64B | $2.69B | $6.41B | $6.46B | $5.70B | $5.88B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $111.0M | $86.0M | $19.0M | $13.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $366.0M | $239.0M | $207.0M | $231.0M | $451.0M | $52.0M | $56.0M | $63.0M | $28.0M | $44.0M |
| Total assets | $7.40B | $7.13B | $4.00B | $3.97B | $3.85B | $3.07B | $6.96B | $7.16B | $6.21B | $6.35B |
| Liabilities | ||||||||||
| Accounts payable | $452.0M | $369.0M | $245.0M | $345.0M | $266.0M | $212.0M | $296.0M | $390.0M | $257.0M | $219.0M |
| Short-term debt | $15.0M | $15.0M | $15.0M | $18.0M | $11.0M | $7.0M | $128.0M | $0 | $0 | $100.0M |
| Deferred revenue | — | — | $18.0M | — | $57.0M | $183.0M | — | — | — | $304.0M |
| Total current liabilities | $1.05B | $980.0M | $616.0M | $894.0M | $854.0M | $473.0M | $709.0M | $607.0M | $732.0M | $726.0M |
| Long-term debt | $1.28B | $1.13B | $540.0M | $592.0M | $589.0M | $597.0M | $4.88B | $5.47B | $5.59B | $5.17B |
| Lease obligations | $76.0M | $91.0M | $70.0M | $70.0M | $48.0M | $42.0M | $66.0M | — | — | — |
| Other long-term liabilities | $1.40B | $1.48B | $623.0M | $617.0M | $715.0M | $822.0M | $865.0M | $575.0M | $602.0M | $1.02B |
| Total liabilities | $3.73B | $3.60B | $1.78B | $2.10B | $2.16B | $1.89B | $6.45B | $6.65B | $6.93B | $6.91B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | −$389.0M | −$361.0M | −$814.0M | $0 |
| Retained earnings (deficit) | $1.91B | $1.68B | $1.42B | $938.0M | $475.0M | −$123.0M | −$5.37B | −$5.34B | −$5.67B | −$5.40B |
| Treasury stock | — | — | — | — | −$148.0M | — | — | — | — | — |
| Accumulated other comprehensive income | $87.0M | $75.0M | $74.0M | $81.0M | $72.0M | −$8.0M | −$23.0M | −$6.0M | −$23.0M | −$14.0M |
| Minority interest | — | — | — | — | — | $44.0M | — | — | — | — |
| Total shareholders' equity | $3.67B | $3.54B | $2.22B | $1.86B | $1.69B | $1.14B | −$389.0M | $509.0M | −$720.0M | −$557.0M |
| Key figures | ||||||||||
| Total debt | $1.36B | $1.22B | $610.0M | $662.0M | $637.0M | $639.0M | $5.04B | $5.47B | $5.59B | $5.27B |
| Net cash (debt) | −$1.23B | −$851.0M | −$114.0M | −$355.0M | −$332.0M | −$611.0M | −$5.03B | −$5.45B | −$5.57B | −$5.26B |
| Working capital | −$112.0M | $44.0M | $313.0M | −$30.0M | −$101.0M | −$144.0M | −$218.0M | $33.0M | −$249.0M | −$301.0M |
| Tangible book value | $3.67B | $3.54B | $2.22B | $1.86B | $1.69B | $1.14B | −$389.0M | $509.0M | −$720.0M | −$557.0M |
| Book value per share | $42.04 | $43.46 | $30.61 | $24.02 | $20.34 | $13.66 | −$7.91 | $10.74 | −$16.94 | −$13.79 |
| Shares outstanding | 87.4M | 81.4M | 72.5M | 77.6M | 83.0M | 83.3M | 49.2M | 47.4M | 42.5M | 40.4M |
| Current ratio | 0.89 | 1.04 | 1.51 | 0.97 | 0.88 | 0.70 | 0.69 | 1.05 | 0.66 | 0.59 |
| Quick ratio | 0.56 | 0.86 | 1.26 | 0.80 | 0.70 | 0.52 | 0.51 | 0.63 | 0.51 | 0.40 |
| Debt / equity | 0.37 | 0.35 | 0.27 | 0.36 | 0.38 | 0.56 | — | 10.74 | — | — |
| Equity / assets | 49.6% | 49.6% | 55.5% | 47.0% | 43.9% | 37.0% | −5.6% | 7.1% | −11.6% | −8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $56.0M | $40.0M | $132.0M | $196.0M | $72.0M | $214.0M | $372.0M | $241.0M | $1.03B | $403.0M | $496.0M | $479.0M |
| Cash & equivalents | $56.0M | $40.0M | $132.0M | $196.0M | $72.0M | $214.0M | $372.0M | $241.0M | $1.03B | $403.0M | $496.0M | $479.0M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $2.34B | — | — |
| Receivables | $342.0M | $576.0M | $455.0M | $403.0M | $392.0M | $426.0M | $467.0M | $393.0M | $292.0M | $302.0M | $278.0M | $314.0M |
| Inventory | $111.0M | $107.0M | $106.0M | $94.0M | $93.0M | $91.0M | $90.0M | $75.0M | $56.0M | $70.0M | $72.0M | $71.0M |
| Other current assets | $188.0M | $65.0M | $245.0M | $119.0M | $171.0M | $68.0M | $95.0M | $163.0M | $60.0M | $64.0M | $83.0M | $65.0M |
| Total current assets | $697.0M | $788.0M | $938.0M | $812.0M | $728.0M | $799.0M | $1.02B | $872.0M | $1.44B | $839.0M | $929.0M | $929.0M |
| Property, plant & equipment (net) | $5.92B | $5.98B | $5.99B | $5.62B | $5.65B | $5.72B | $5.79B | $5.94B | $2.86B | $2.88B | $2.84B | $2.72B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $302.0M | $0 | $0 |
| Long-term investments | $0 | $102.0M | $111.0M | $102.0M | $93.0M | $82.0M | $86.0M | $84.0M | $17.0M | $16.0M | $19.0M | $15.0M |
| Other non-current assets | $483.0M | $278.0M | $366.0M | $212.0M | $238.0M | $228.0M | $239.0M | $236.0M | $178.0M | $0 | $207.0M | $0 |
| Total assets | $7.10B | $7.15B | $7.40B | $6.75B | $6.71B | $6.83B | $7.13B | $7.13B | $4.49B | $3.91B | $4.00B | $2.98B |
| Liabilities | ||||||||||||
| Accounts payable | $389.0M | $472.0M | $452.0M | $316.0M | $329.0M | $340.0M | $369.0M | $351.0M | $248.0M | $251.0M | $245.0M | $224.0M |
| Short-term debt | $13.0M | $13.0M | $15.0M | $144.0M | $144.0M | $144.0M | $15.0M | $20.0M | $19.0M | $19.0M | $15.0M | $13.0M |
| Deferred revenue | $16.0M | — | — | — | — | — | — | — | — | $266.0M | $18.0M | −$237.0M |
| Total current liabilities | $1.05B | $1.44B | $1.05B | $917.0M | $928.0M | $961.0M | $980.0M | $897.0M | $593.0M | $594.0M | $616.0M | $694.0M |
| Long-term debt | $0 | $1.31B | $1.28B | $889.0M | $888.0M | $888.0M | $1.13B | $1.13B | $1.16B | $541.0M | $540.0M | $589.0M |
| Lease obligations | $66.0M | $68.0M | $76.0M | $89.0M | $82.0M | $86.0M | $91.0M | $91.0M | $74.0M | $75.0M | $70.0M | $66.0M |
| Other long-term liabilities | $2.65B | $1.48B | $1.40B | $1.50B | $1.49B | $1.46B | $1.49B | $1.60B | $684.0M | $682.0M | $623.0M | $231.0M |
| Total liabilities | $3.70B | $4.23B | $3.73B | $3.31B | $3.31B | $3.31B | $3.60B | $3.63B | $2.44B | $1.82B | $1.78B | $929.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | $1.63B | $1.16B | $1.91B | $1.93B | $1.90B | $1.76B | $1.68B | $1.68B | $1.37B | $1.39B | $1.42B | $1.25B |
| Accumulated other comprehensive income | $85.0M | $86.0M | $87.0M | $72.0M | $72.0M | $73.0M | $75.0M | $77.0M | $72.0M | $72.0M | $74.0M | $76.0M |
| Total shareholders' equity | $3.40B | $2.92B | $3.67B | $3.44B | $3.41B | $3.52B | $3.54B | $3.50B | $2.05B | $2.09B | $2.22B | $2.05B |
| Key figures | ||||||||||||
| Total debt | $1.35B | $1.38B | $1.36B | $1.10B | $1.09B | $1.10B | $1.22B | $1.22B | $1.24B | $616.0M | $610.0M | $602.0M |
| Net cash (debt) | −$1.29B | −$1.34B | −$1.23B | −$904.0M | −$1.02B | −$882.0M | −$851.0M | −$981.0M | −$204.0M | −$213.0M | −$114.0M | −$123.0M |
| Working capital | −$358.0M | −$653.0M | −$112.0M | −$105.0M | −$200.0M | −$162.0M | $44.0M | −$25.0M | $846.0M | $245.0M | $313.0M | $235.0M |
| Tangible book value | $3.40B | $2.92B | $3.67B | $3.44B | $3.41B | $3.52B | $3.54B | $3.50B | $2.05B | $1.79B | $2.22B | $2.05B |
| Book value per share | $38.10 | $32.90 | $42.04 | $40.79 | $38.11 | $38.55 | $38.37 | $38.39 | $29.31 | $30.33 | $31.36 | $29.84 |
| Shares outstanding | 89.3M | 88.7M | 87.4M | 84.4M | 89.4M | 91.2M | 92.2M | 91.2M | 70.0M | 69.0M | 70.8M | 68.7M |
| Current ratio | 0.66 | 0.55 | 0.89 | 0.89 | 0.78 | 0.83 | 1.04 | 0.97 | 2.43 | 1.41 | 1.51 | 1.34 |
| Quick ratio | 0.38 | 0.43 | 0.56 | 0.65 | 0.50 | 0.67 | 0.86 | 0.71 | 2.23 | 1.19 | 1.26 | 1.14 |
| Debt / equity | 0.40 | 0.47 | 0.37 | 0.32 | 0.32 | 0.31 | 0.35 | 0.35 | 0.60 | 0.29 | 0.27 | 0.29 |
| Equity / assets | 47.9% | 40.8% | 49.6% | 51.0% | 50.8% | 51.5% | 49.6% | 49.1% | 45.7% | 53.5% | 55.5% | 68.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
CRC financial position
At the end of fiscal 2025 (December 31, 2025), California Resources had total assets of $7.4 billion (up 3.8% from a year earlier), total liabilities of $3.7 billion and shareholders' equity of $3.7 billion. It held $132.0 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.2 billion. Its current ratio was 0.89. In the latest quarter (ended June 30, 2026) total assets were $7.1 billion and equity $3.4 billion.
Related: CRC income statement, CRC cash flow statement, CRC key metrics. See the CRC stock overview for the latest quote and news.
CRC balance sheet FAQ
What are California Resources's total assets?
California Resources reported total assets of $7.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.1 billion a year earlier.
How much debt does California Resources have?
California Resources had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.37.
How much cash does California Resources have?
California Resources held $132.0 million in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net debt of $1.2 billion.
What is California Resources's book value?
California Resources's shareholders' equity (book value) was $3.7 billion at the end of fiscal 2025, or $42.04 per share.
What is California Resources's current ratio?
California Resources had current assets of $938.0 million and current liabilities of $1.1 billion, a current ratio of 0.89 (current liabilities exceed current assets).