Chemours Co (CC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,777,000 | 2,827,000 | 2,832,000 | 2,847,000 |
| 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 |
| Current ratio | 1.54 | 1.26 | 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 | 1.80 | 1.72 | 1.96 | 1.81 |
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 shown fluctuations over the past few quarters. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 implies that the company has more current assets than current liabilities, suggesting liquidity.
Looking at the trend, the current ratio has been above 1 consistently, indicating that Chemours Co generally has enough current assets to cover its current liabilities. However, there are variations in the ratio, with some quarters showing lower ratios (1.26 in Sep 2023) and others showing higher ratios (2.35 in Jun 2020).
The current ratio peaked at 2.35 in Jun 2020, indicating a strong liquidity position at that time. It dipped to 1.26 in Sep 2023, suggesting a potential strain on the company's ability to cover short-term obligations with its current assets. It then recovered to 1.54 in Dec 2023, indicating a slight improvement.
Overall, while the current ratio of Chemours Co has shown fluctuations, it generally remains above 1, indicating the company's ability to meet its short-term obligations with its current assets. Monitoring this ratio over time can provide insights into the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023