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

Company name
Symbol
Quick ratio
Peabody Energy Corp
BTU
1.32
Alpha Metallurgical Resources Inc
AMR
2.51
Arch Resources Inc
ARCH
1.62