Alpha Metallurgical Resources Inc (AMR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 268,207 | 301,906 | 81,211 | 139,227 | 212,803 |
| Short-term investments | US$ in thousands | 0 | 46,052 | 0 | 47 | 689 |
| Total current liabilities | US$ in thousands | 309,930 | 402,625 | 295,929 | 259,054 | 315,152 |
| Cash ratio | 0.87 | 0.86 | 0.27 | 0.54 | 0.68 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($268,207K
+ $0K)
÷ $309,930K
= 0.87
The cash ratio of Alpha Metallurgical Resources Inc has shown some fluctuations over the past four years.
In 2023, the cash ratio stands at 0.99, indicating that the company has almost enough cash and cash equivalents to cover its short-term liabilities. This suggests a relatively healthy liquidity position compared to previous years.
In 2022, the cash ratio was higher at 1.20, signaling an even stronger ability to cover short-term obligations with cash on hand. This may reflect efficient cash management practices or a higher level of liquid assets.
On the other hand, in 2021, the cash ratio dropped to 0.44, indicating a decline in the company's ability to cover its short-term liabilities solely with cash reserves. This could potentially raise concerns about liquidity risk and the company's ability to meet its immediate financial obligations.
Finally, in 2020, the cash ratio was 0.95, showing a relatively healthy liquidity position similar to the current year. This suggests that the company was able to maintain a reasonable level of cash reserves to cover short-term liabilities at that time.
Overall, the trend of Alpha Metallurgical Resources Inc's cash ratio demonstrates some variability, with fluctuations over the past four years. It is important for the company to closely monitor its liquidity position and ensure that it maintains an adequate level of cash reserves to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023