Arch Resources Inc (ARCH)
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 | 917,767 | 806,144 | 817,975 | 862,916 | 823,851 | 991,074 | 1,021,330 | 907,013 | 882,871 | 648,639 | 555,046 | 583,200 | 588,140 | 562,982 | 564,502 | 639,537 | 706,747 | 866,969 | 840,693 | 832,836 |
| 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 |
| Current ratio | 2.49 | 2.27 | 2.43 | 2.58 | 1.93 | 2.49 | 2.48 | 1.78 | 1.69 | 1.48 | 1.33 | 1.96 | 2.03 | 2.12 | 2.06 | 2.28 | 2.27 | 2.55 | 2.67 | 2.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $917,767K ÷ $367,961K
= 2.49
The current ratio of Arch Resources Inc has experienced fluctuations over the past few quarters, ranging from a low of 1.33 to a high of 2.80. For the most recent quarter, ending on December 31, 2023, the current ratio stands at 2.49, indicating that the company's current assets are 2.49 times its current liabilities.
Overall, the current ratio has generally been above 2, suggesting that Arch Resources Inc has had a relatively strong liquidity position and the ability to meet its short-term obligations comfortably. However, it is important to note that the current ratio saw a decline in the third quarter of 2022 and in the first quarter of 2022, which might indicate a temporary strain on the company's liquidity position during those periods.
It is advisable for stakeholders to continue monitoring the current ratio along with other liquidity metrics to assess the company's ability to manage its short-term liabilities effectively.
Peer comparison
Dec 31, 2023