Alpha Metallurgical Resources Inc (AMR)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 268,207 | 296,059 | 312,400 | 222,507 | 301,906 | 404,430 | 161,732 | 159,455 | 81,211 | 78,283 | 72,337 | 92,236 | 139,227 | 161,434 | 238,438 | 227,056 | 212,803 | 152,638 | 249,597 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 0 | 46,052 | — | — | — | 0 | — | — | — | — | — | — | — | 689 | — | — |
| Total current liabilities | US$ in thousands | 309,930 | 315,210 | 295,736 | 316,608 | 402,625 | 341,342 | 345,467 | 360,926 | 295,929 | 292,404 | 311,376 | 289,603 | 259,054 | 292,278 | 291,889 | 303,220 | 315,152 | 330,177 | 326,405 |
| Cash ratio | 0.87 | 0.94 | 1.06 | 0.70 | 0.86 | 1.18 | 0.47 | 0.44 | 0.27 | 0.27 | 0.23 | 0.32 | 0.54 | 0.55 | 0.82 | 0.75 | 0.68 | 0.46 | 0.76 |
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 measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet immediate obligations.
Analyzing Alpha Metallurgical Resources Inc's cash ratio over the past eight quarters reveals fluctuations in the company's liquidity position. In Q4 2023, the cash ratio decreased to 0.99 from 1.09 in Q3 2023, indicating a slight decrease in its ability to cover short-term liabilities with cash on hand.
Despite this decrease, the company's cash ratio remained relatively stable in the previous quarters, with the ratio ranging from 0.88 to 1.41. The highest cash ratio was observed in Q3 2022 at 1.41, suggesting a strong liquidity position during that period.
Overall, Alpha Metallurgical Resources Inc's cash ratio has shown variability over the past eight quarters, with some quarters indicating stronger liquidity levels than others. It is important for the company to maintain an adequate level of cash reserves to meet its short-term obligations promptly.
Peer comparison
Dec 31, 2023