Chemours Co (CC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,026,000 | 3,080,000 | 2,937,000 | 3,597,000 | 3,835,000 | 3,683,000 | 3,374,000 | 3,202,000 | 3,214,000 | 3,543,000 | 3,606,000 | 3,393,000 | 3,345,000 | 3,371,000 | 3,047,000 | 2,786,000 | 2,633,000 | 2,605,000 | 2,717,000 | 2,591,000 |
| 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 |
| Current ratio | 1.68 | 1.73 | 1.89 | 1.61 | 1.54 | 1.68 | 1.54 | 1.83 | 1.70 | 1.82 | 1.91 | 1.91 | 1.80 | 1.89 | 1.82 | 1.86 | 1.83 | 1.99 | 2.35 | 1.93 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,026,000K ÷ $1,803,000K
= 1.68
Based on the provided data, Chemours Co's current ratio has shown fluctuations over the quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. As of December 31, 2024, the current ratio stood at 1.68, indicating that Chemours Co had $1.68 in current assets for every $1 in current liabilities.
Analyzing the trend of the current ratio over the quarters, we observe that the ratio has experienced both increases and decreases. The current ratio peaked at 2.35 on June 30, 2020, and reached its lowest point at 1.54 on June 30, 2023. Despite some fluctuations, the current ratio generally remained above 1, suggesting that Chemours Co had more than enough current assets to cover its current liabilities throughout the period under review.
It is important to note that a current ratio above 1 indicates that a company has more current assets than current liabilities, which generally reflects a healthy liquidity position. However, a very high current ratio may also indicate an inefficient use of assets. On the other hand, a current ratio below 1 may signal potential liquidity issues. Therefore, while Chemours Co's current ratio has shown some variability, it generally reflects a stable position in terms of liquidity management.
Peer comparison
Dec 31, 2024