Chemours Co (CC)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 713,000 | 596,000 | 619,000 | 746,000 | 1,807,000 | 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 |
| Short-term investments | US$ in thousands | — | 50,000 | — | — | — | — | — | — | — | — | — | — | — | — | 178,000 | — | 167 | 182 | — | — |
| Total current liabilities | US$ in thousands | 1,803,000 | 1,777,000 | 1,557,000 | 2,231,000 | 2,486,000 | 2,195,000 | 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 |
| Cash ratio | 0.40 | 0.36 | 0.40 | 0.33 | 0.73 | 0.39 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($713,000K
+ $—K)
÷ $1,803,000K
= 0.40
The cash ratio of Chemours Co has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio provides insight into the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
The company's cash ratio ranged from a low of 0.33 on March 31, 2024, to a high of 0.89 on June 30, 2020. Despite fluctuations, the cash ratio generally remained above 0.5, indicating that Chemours Co maintained a sufficient level of cash reserves relative to its current liabilities.
Notably, there were occasional peaks and troughs in the cash ratio, suggesting potential variability in the company's ability to meet short-term obligations solely with cash on hand. It is important for investors and analysts to closely monitor changes in the cash ratio to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024