Peabody Energy Corp (BTU)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,019,700 | 2,372,500 | 1,801,700 | 1,420,300 | 1,613,900 |
| Total current liabilities | US$ in thousands | 979,000 | 918,700 | 931,700 | 790,600 | 975,300 |
| Current ratio | 2.06 | 2.58 | 1.93 | 1.80 | 1.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,019,700K ÷ $979,000K
= 2.06
The current ratio of Peabody Energy Corp has displayed fluctuations over the past five years. The ratio stood at 2.06 at the end of 2023, a decrease from 2.58 in 2022. This decline indicates a potential weakening in the company's ability to cover its short-term obligations with its current assets.
Comparing the current ratio in 2023 to historical data reveals that it was higher than in 2021 and 2020 but lower than in 2019. This suggests some variability in the company's liquidity position over the years.
An ideal current ratio varies by industry and specific circumstances, but typically a ratio above 1 indicates a company has enough current assets to cover its short-term liabilities. Therefore, Peabody Energy Corp's current ratio of 2.06 in 2023 indicates a relatively healthy liquidity position, though the downward trend from the previous year warrants further monitoring to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023