Chemours Co (CC)
Cash 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 and cash equivalents | US$ in thousands | 1,203,000 | 852,000 | 738,000 | 816,000 | 1,102,000 | 1,167,000 | 1,248,000 | 1,145,000 | 1,451,000 | 1,031,000 | 1,139,000 | 1,008,000 | 1,105,000 | 956,000 | 1,031,000 | 714,000 | 943,000 | 694,000 | 630,000 | 697,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 178,000 | — | 167 | 182 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,486,000 | 2,925,000 | 2,190,000 | 1,745,000 | 1,891,000 | 1,951,000 | 1,886,000 | 1,775,000 | 1,858,000 | 1,779,000 | 1,674,000 | 1,501,000 | 1,442,000 | 1,308,000 | 1,156,000 | 1,343,000 | 1,541,000 | 1,643,000 | 1,448,000 | 1,572,000 |
| Cash ratio | 0.48 | 0.29 | 0.34 | 0.47 | 0.58 | 0.60 | 0.66 | 0.65 | 0.78 | 0.58 | 0.79 | 0.67 | 0.77 | 0.73 | 0.89 | 0.53 | 0.61 | 0.42 | 0.44 | 0.44 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,203,000K
+ $—K)
÷ $2,486,000K
= 0.48
The cash ratio of Chemours Co has displayed fluctuations over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
As of December 31, 2023, the cash ratio stood at 0.48, indicating that for every dollar of current liabilities, the company had $0.48 in cash and cash equivalents. This ratio was lower compared to the previous quarter's ratio of 0.58 and continues a declining trend since the high of 0.89 in June 2020.
The decreasing trend in the cash ratio could imply that Chemours Co may have been using its cash for investments, operations, or other activities rather than keeping it in cash and cash equivalents. A lower cash ratio may suggest a higher risk of liquidity issues if the company faces unexpected financial obligations in the short term.
It is essential for investors and stakeholders to monitor the cash ratio along with other financial indicators to assess the company's liquidity and financial health effectively.
Peer comparison
Dec 31, 2023