Peabody Energy Corp (BTU)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 700,400 | 772,900 | 621,700 | 855,700 | 969,300 | 988,500 | 1,080,500 | 892,200 | 1,307,300 | 1,354,500 | 1,120,700 | 823,300 | 954,300 | 587,000 | 548,300 | 580,200 | 709,200 | 814,600 | 848,500 | 682,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 132,000 | 142,000 | 140,000 | 122,000 | — | — |
| Total current liabilities | US$ in thousands | 827,500 | 778,600 | 743,200 | 805,000 | 979,000 | 839,500 | 905,100 | 866,400 | 918,700 | 1,318,100 | 984,300 | 817,300 | 914,500 | 821,200 | 805,000 | 791,000 | 771,200 | 2,374,400 | 799,800 | 806,000 |
| Cash ratio | 0.85 | 0.99 | 0.84 | 1.06 | 0.99 | 1.18 | 1.19 | 1.03 | 1.42 | 1.03 | 1.14 | 1.01 | 1.04 | 0.71 | 0.85 | 0.91 | 1.10 | 0.39 | 1.06 | 0.85 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($700,400K
+ $—K)
÷ $827,500K
= 0.85
The cash ratio of Peabody Energy Corp has shown some fluctuations over the past years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, when the cash ratio was 0.85, it increased to 1.06 by June 30, 2020, indicating an improvement in the company’s short-term liquidity position. However, in the following quarters, the cash ratio fluctuated, reaching a low of 0.39 on September 30, 2020, indicating a potential liquidity strain.
The company's cash ratio improved again to 1.10 by December 31, 2020, and generally remained above 1 in the subsequent quarters until September 30, 2021. A cash ratio above 1 is usually considered healthy as it indicates that the company has enough liquid assets to cover its short-term obligations without relying on external sources.
There were fluctuations in the cash ratio over the following quarters, with values ranging between 0.71 and 1.42. By December 31, 2024, the cash ratio had decreased to 0.85, which may suggest a potential liquidity challenge for Peabody Energy Corp during that period.
Overall, the cash ratio of Peabody Energy Corp has varied over the quarters, showing both strengths and potential weaknesses in the company's ability to meet its short-term obligations with its available cash and cash equivalents. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2024