Alpha Metallurgical Resources Inc (AMR)
Current 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,048,300 | 1,048,950 | 1,078,310 | 1,092,490 | 1,114,420 | 1,147,400 | 1,108,680 | 1,014,570 | 747,986 | 571,218 | 534,118 | 525,574 | 510,135 | 586,289 | 687,810 | 799,029 | 711,479 | 770,464 | 862,686 | 820,418 |
| 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 | 355,194 |
| Current ratio | 3.38 | 3.33 | 3.65 | 3.45 | 2.77 | 3.36 | 3.21 | 2.81 | 2.53 | 1.95 | 1.72 | 1.81 | 1.97 | 2.01 | 2.36 | 2.64 | 2.26 | 2.33 | 2.64 | 2.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,048,300K ÷ $309,930K
= 3.38
Alpha Metallurgical Resources Inc's current ratio has exhibited fluctuations over the past eight quarters. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
In Q4 2023, the current ratio stood at 3.38, showing a slight improvement compared to the previous quarter. This suggests that the company had $3.38 in current assets for every $1 in current liabilities, indicating a strong liquidity position.
Looking at the trend over the past year, the current ratio has generally been on an upward trajectory, with occasional fluctuations. This indicates an overall improvement in the company's liquidity position since Q1 2022, where the current ratio was at its lowest point of 2.81.
The current ratio reaching a peak of 3.65 in Q2 2023 indicates a particularly strong liquidity position at that point in time. However, it is noteworthy that in Q4 2022, the current ratio was at its lowest of 2.77, showing a potential period of lower liquidity.
Overall, while there have been fluctuations in Alpha Metallurgical Resources Inc's current ratio, the general trend suggests an improvement in the company's ability to cover its short-term obligations with its current assets. This indicates a positive liquidity position for the company in the recent quarters.
Peer comparison
Dec 31, 2023