Alpha Metallurgical Resources Inc (AMR)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 509,682 | 407,210 | 493,402 | 223,480 | 287,512 |
| Total current liabilities | US$ in thousands | 309,930 | 402,625 | 295,929 | 259,054 | 315,152 |
| Quick ratio | 2.51 | 1.88 | 1.94 | 1.40 | 1.59 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($268,207K
+ $0K
+ $509,682K)
÷ $309,930K
= 2.51
The quick ratio of Alpha Metallurgical Resources Inc has shown a positive trend over the past four years, increasing from 1.51 in 2020 to 2.64 in 2023. This indicates that the company has improved its ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities, thereby reflecting a healthy financial position. The consistent growth in the quick ratio indicates efficient management of working capital and liquidity. It also signifies that Alpha Metallurgical Resources Inc has a strong capacity to meet its short-term obligations without relying heavily on selling inventory. Overall, the increasing trend in the quick ratio is a positive indicator of the company's financial health and liquidity management.
Peer comparison
Dec 31, 2023