Alpha Metallurgical Resources Inc (AMR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 | 181,953 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 0 | 46,052 | — | — | — | 0 | — | — | — | — | — | — | — | 689 | — | — | 16,181 |
| Receivables | US$ in thousands | 509,682 | 432,401 | 432,014 | 546,252 | 407,210 | 503,623 | 733,894 | 636,152 | 493,402 | 335,287 | 206,693 | 214,342 | 223,480 | 179,671 | 183,820 | 245,377 | 287,512 | 259,931 | 280,025 | 319,687 |
| 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 |
| Quick ratio | 2.51 | 2.31 | 2.52 | 2.43 | 1.88 | 2.66 | 2.59 | 2.20 | 1.94 | 1.41 | 0.90 | 1.06 | 1.40 | 1.17 | 1.45 | 1.56 | 1.59 | 1.25 | 1.62 | 1.46 |
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 consistent strength over the past eight quarters. The company's quick ratio has ranged from 2.21 to 2.84, indicating a solid ability to meet its short-term obligations with its highly liquid assets. This suggests that Alpha Metallurgical Resources Inc has a healthy level of current assets compared to its current liabilities, providing a strong buffer in case of any liquidity issues. Overall, the trend in the quick ratio shows a stable and positive liquidity position for the company.
Peer comparison
Dec 31, 2023