Chemours Co (CC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,835,000 | 3,214,000 | 3,345,000 | 2,633,000 | 2,777,000 |
| Total current liabilities | US$ in thousands | 2,486,000 | 1,891,000 | 1,858,000 | 1,442,000 | 1,541,000 |
| Current ratio | 1.54 | 1.70 | 1.80 | 1.83 | 1.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,835,000K ÷ $2,486,000K
= 1.54
The current ratio of Chemours Co has exhibited a decreasing trend over the past five years, declining from 1.80 in 2019 to 1.54 in 2023. A current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations. However, a decreasing current ratio may suggest potential issues with liquidity and the company's ability to cover its short-term liabilities. It is important to monitor this trend closely to assess the company's financial health and ability to manage its current obligations effectively.
Peer comparison
Dec 31, 2023
Company name
Symbol
Current ratio
Chemours Co
CC
1.54
Balchem Corporation
BCPC
2.12
FMC Corporation
FMC
1.52
Ingevity Corp
NGVT
1.81
Innospec Inc
IOSP
2.38
Olin Corporation
OLN
1.29