Peabody Energy Corp (BTU)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 969,300 | 1,307,300 | 954,300 | 709,200 | 732,200 |
| Short-term investments | US$ in thousands | — | — | — | 140,000 | — |
| Receivables | US$ in thousands | 322,300 | 416,300 | 307,000 | 180,900 | 283,100 |
| Total current liabilities | US$ in thousands | 979,000 | 918,700 | 931,700 | 790,600 | 975,300 |
| Quick ratio | 1.32 | 1.88 | 1.35 | 1.30 | 1.04 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($969,300K
+ $—K
+ $322,300K)
÷ $979,000K
= 1.32
The quick ratio of Peabody Energy Corp has exhibited some fluctuations over the past five years. In 2023, the quick ratio stands at 1.32. This indicates that for every dollar of current liabilities, the company has $1.32 of liquid assets available to cover those obligations in the short term. Compared to the previous year, where the quick ratio was 1.88, the current ratio has decreased, suggesting a slight weakening in the company's short-term liquidity position. However, the current ratio of 1.32 still indicates that Peabody Energy Corp is able to meet its short-term obligations comfortably. It is important for investors and creditors to monitor this ratio over time to assess the company's ability to manage its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023