Peabody Energy Corp (BTU)
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 | 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 | 732,200 | 759,100 | 853,000 | 798,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 132,000 | 142,000 | 140,000 | 122,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 979,000 | 839,500 | 905,100 | 866,400 | 918,700 | 1,318,100 | 988,900 | 817,300 | 931,700 | 821,200 | 805,000 | 791,000 | 790,600 | 2,374,400 | 799,800 | 806,000 | 975,300 | 900,900 | 991,700 | 1,049,200 |
| Cash ratio | 0.99 | 1.18 | 1.19 | 1.03 | 1.42 | 1.03 | 1.13 | 1.01 | 1.02 | 0.71 | 0.85 | 0.91 | 1.07 | 0.39 | 1.06 | 0.85 | 0.75 | 0.84 | 0.86 | 0.76 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($969,300K
+ $—K)
÷ $979,000K
= 0.99
The cash ratio for Peabody Energy Corp has shown fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more than enough cash to cover its short-term liabilities.
From the data provided, we can see that the cash ratio has generally been above 1, indicating a healthy ability to cover short-term obligations with cash on hand. The ratio peaked at 1.42 in the fourth quarter of 2022, suggesting a strong liquidity position at that time. However, there have been periods where the cash ratio dipped below 1, indicating potential liquidity challenges in those quarters.
Overall, the trend in the cash ratio for Peabody Energy Corp suggests that the company has maintained a fairly strong liquidity position, with some fluctuations in different reporting periods. Investors and analysts may want to further investigate the reasons behind these fluctuations to gain a deeper understanding of the company's financial health and liquidity management.
Peer comparison
Dec 31, 2023