Peabody Energy Corp (BTU)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 969,300 | 988,500 | 1,080,500 | 892,200 | 1,307,300 | 1,354,500 | 1,120,700 | 823,300 | 954,300 | 587,000 | 548,300 | 580,200 | 709,200 | 814,600 | 848,500 | 682,500 | 732,200 | 759,100 | 853,000 | 798,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 132,000 | 142,000 | 140,000 | 122,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 322,300 | 294,100 | 278,500 | 353,200 | 416,300 | 387,100 | 491,000 | 323,400 | 307,000 | 237,200 | 217,300 | 131,200 | 180,900 | 143,400 | 146,300 | 230,000 | 283,100 | 257,100 | 345,600 | 366,600 |
| 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 |
| Quick ratio | 1.32 | 1.53 | 1.50 | 1.44 | 1.88 | 1.32 | 1.63 | 1.40 | 1.35 | 1.00 | 1.12 | 1.08 | 1.30 | 0.45 | 1.24 | 1.13 | 1.04 | 1.13 | 1.21 | 1.11 |
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 varied over the past five years, ranging from as low as 0.45 to as high as 1.88. The ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
Overall, the quick ratio of Peabody Energy Corp has shown some fluctuation but generally remained above 1, indicating a strong ability to meet short-term obligations. However, it is important to note the significant increase in the ratio in December 2022 to 1.88, followed by a decrease in the subsequent quarters. This may suggest variations in the company's liquidity position and ability to quickly cover its current liabilities during different periods. Further analysis and consideration of the company's overall financial health and liquidity position are recommended to gain a more comprehensive understanding of its financial stability.
Peer comparison
Dec 31, 2023