Alpha Metallurgical Resources Inc (AMR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 481,578 | 484,560 | 336,148 | 269,386 | 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 |
| Short-term investments | US$ in thousands | — | -121,077 | — | — | 0 | 6,736 | 7,001 | 6,602 | 46,052 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 251,109 | 304,634 | 308,654 | 341,289 | 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 |
| Cash ratio | 1.92 | 1.19 | 1.09 | 0.79 | 0.87 | 0.96 | 1.08 | 0.72 | 0.86 | 1.18 | 0.47 | 0.44 | 0.27 | 0.27 | 0.23 | 0.32 | 0.54 | 0.55 | 0.82 | 0.75 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($481,578K
+ $—K)
÷ $251,109K
= 1.92
The cash ratio of Alpha Metallurgical Resources Inc has fluctuated over the years, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
The ratio was relatively stable in the range of 0.50 to 0.80 from March 2020 to March 2021. However, there was a significant decrease in the cash ratio to 0.23 by June 2021, indicating a lower level of cash reserves in comparison to its short-term obligations during that period.
From September 2021 to June 2022, the cash ratio gradually increased, showing improvement in the company's liquidity position. The ratio peaked at 1.19 by September 2024, indicating that Alpha Metallurgical Resources Inc had more than enough cash to cover its short-term liabilities at that point in time.
Overall, the cash ratio fluctuated throughout the period, with some periods showing stronger liquidity positions than others. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term obligations without facing financial strain.
Peer comparison
Dec 31, 2024