Peabody Energy Corp (BTU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,780,700 | 1,808,000 | 1,852,200 | 1,901,500 | 2,019,700 | 1,933,000 | 1,963,200 | 1,878,500 | 2,372,500 | 2,364,100 | 2,245,400 | 1,806,300 | 1,801,700 | 1,311,300 | 1,270,500 | 1,272,100 | 1,420,300 | 1,536,400 | 1,582,700 | 1,419,200 |
| 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 |
| Current ratio | 2.15 | 2.32 | 2.49 | 2.36 | 2.06 | 2.30 | 2.17 | 2.17 | 2.58 | 1.79 | 2.28 | 2.21 | 1.97 | 1.60 | 1.58 | 1.61 | 1.84 | 0.65 | 1.98 | 1.76 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,780,700K ÷ $827,500K
= 2.15
The current ratio of Peabody Energy Corp has shown fluctuations over the past few years, starting at 1.76 as of March 31, 2020, and reaching a peak of 2.58 by December 31, 2022, before declining to 2.15 by December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position.
Peabody Energy Corp's current ratio generally remained above 1 throughout the period, indicating that the company has, for the most part, been able to meet its short-term obligations using its current assets. The significant improvements in the current ratio over the years, particularly the notable increase from September 30, 2020, to December 31, 2022, demonstrate an enhanced ability to cover short-term liabilities.
However, the slight decrease in the current ratio from 2.49 on June 30, 2024, to 2.15 on December 31, 2024, may signify a potential decrease in liquidity or a higher proportion of short-term liabilities relative to current assets. It is essential for stakeholders to monitor the current ratio to ensure that Peabody Energy Corp maintains a healthy liquidity position to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024