Arch Resources Inc (ARCH)
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 | 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 |
| Receivables | US$ in thousands | 273,922 | 289,994 | 250,479 | 295,157 | 237,399 | 210,349 | 457,883 | 323,167 | 324,904 | 226,206 | 160,154 | 129,086 | 111,369 | 127,292 | 118,835 | 149,225 | 168,625 | 206,149 | 182,824 | 195,095 |
| 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 |
| Quick ratio | 1.62 | 1.42 | 1.45 | 1.55 | 1.20 | 1.78 | 1.79 | 1.26 | 1.27 | 0.99 | 0.83 | 1.23 | 1.36 | 1.30 | 1.23 | 1.37 | 1.47 | 1.64 | 1.84 | 1.94 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($287,807K
+ $32,724K
+ $273,922K)
÷ $367,961K
= 1.62
The quick ratio of Arch Resources Inc has fluctuated over the past five years, ranging from 0.83 to 1.94. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
In recent quarters, the quick ratio has shown a generally positive trend, with values consistently above 1, indicating that the company has an acceptable level of liquidity to cover its short-term liabilities.
The highest quick ratio of 1.94 was recorded in the second quarter of 2019, suggesting a strong liquidity position at that time. On the other hand, the lowest quick ratio of 0.83 in the third quarter of 2021 indicates a relatively lower level of liquidity to cover short-term obligations.
Overall, the fluctuation in the quick ratio of Arch Resources Inc indicates varying levels of liquidity over the years, with recent improvements pointing towards a better ability to handle short-term financial commitments.
Peer comparison
Dec 31, 2023