Peabody Energy Corp (BTU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,019,700 | 1,933,000 | 1,963,200 | 1,878,500 | 2,372,500 | 2,364,100 | 2,250,000 | 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 | 1,613,900 | 1,565,700 | 1,799,800 | 1,860,700 |
| 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 |
| Current ratio | 2.06 | 2.30 | 2.17 | 2.17 | 2.58 | 1.79 | 2.28 | 2.21 | 1.93 | 1.60 | 1.58 | 1.61 | 1.80 | 0.65 | 1.98 | 1.76 | 1.65 | 1.74 | 1.81 | 1.77 |
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 shown fluctuations over the past several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
Peabody Energy Corp's current ratio ranged from 0.65 to 2.58 over the past five years, with the most recent value being 2.06 as of December 31, 2023. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to meet short-term obligations.
The current ratio has been improving overall in recent quarters, with a notable peak of 2.58 in December 2022. However, the current ratio dipped to 1.79 in September 2022 before recovering and stabilizing around the 2.00 mark.
Investors and creditors generally prefer a higher current ratio as it indicates better liquidity and financial health. Peabody Energy Corp's current ratio has shown variability but has generally been above 1, reflecting a reasonable ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023