Arch Resources Inc (ARCH)
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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 287,807 | 183,097 | 201,492 | 189,739 | 236,059 | 490,321 | 281,944 | 318,725 | 325,194 | 189,707 | 153,516 | 169,593 | 187,492 | 156,655 | 150,022 | 105,157 | 153,020 | 175,428 | 232,429 | 218,750 |
| Short-term investments | US$ in thousands | 32,724 | 30,447 | 33,607 | 32,116 | 36,993 | 10,671 | — | — | 14,463 | 20,084 | 33,256 | 67,483 | 96,765 | 63,128 | 67,237 | 129,057 | 135,667 | 176,056 | 162,656 | 164,664 |
| Total current liabilities | US$ in thousands | 367,961 | 355,463 | 335,951 | 334,538 | 426,879 | 398,748 | 412,188 | 509,095 | 522,340 | 438,880 | 416,141 | 297,680 | 290,096 | 266,118 | 273,470 | 280,482 | 310,980 | 339,993 | 314,544 | 297,731 |
| Cash ratio | 0.87 | 0.60 | 0.70 | 0.66 | 0.64 | 1.26 | 0.68 | 0.63 | 0.65 | 0.48 | 0.45 | 0.80 | 0.98 | 0.83 | 0.79 | 0.84 | 0.93 | 1.03 | 1.26 | 1.29 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($287,807K
+ $32,724K)
÷ $367,961K
= 0.87
The cash ratio of Arch Resources Inc has shown fluctuation over the periods presented. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend in the cash ratio indicates the company's liquidity position and its ability to meet its short-term obligations. A higher cash ratio suggests that the company has a stronger ability to cover its short-term liabilities with its available cash and cash equivalents.
From the data provided, we observe that the cash ratio has ranged from a low of 0.45 to a high of 1.29. The company's cash ratio reached its highest point in the third quarter of 2019 at 1.29 and its lowest point in the second quarter of 2021 at 0.45.
Overall, the cash ratio of Arch Resources Inc has shown variability over time, with some periods indicating stronger liquidity positions than others. It is important for investors and stakeholders to monitor the company's cash ratio to assess its ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023