Chemours Co (CC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,026,000 | 3,835,000 | 3,214,000 | 3,345,000 | 2,633,000 |
| Total current liabilities | US$ in thousands | 1,803,000 | 2,486,000 | 1,891,000 | 1,858,000 | 1,442,000 |
| Current ratio | 1.68 | 1.54 | 1.70 | 1.80 | 1.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,026,000K ÷ $1,803,000K
= 1.68
The current ratio of Chemours Co has shown a slight downward trend over the past five years, decreasing from 1.83 in December 2020 to 1.68 in December 2024. Despite this decline, the current ratio has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities. A current ratio above 1 is typically seen as a positive sign of a company's liquidity and ability to meet short-term obligations. However, it is important to monitor this ratio over time to ensure that the company maintains a healthy balance between its current assets and liabilities.
Peer comparison
Dec 31, 2024