Chemours Co (CC)

Liquidity ratios

	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
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
Quick ratio	0.73	0.58	0.74	0.95	0.91	1.10	1.23	1.22	1.17	1.05	1.27	1.15	1.12	1.17	1.36	1.04	1.05	0.93	1.04	0.98
Cash ratio	0.48	0.29	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	0.61	0.42	0.44	0.44

The current ratio of Chemours Co has shown fluctuations over the past few quarters, ranging from a low of 1.26 to a high of 2.35. Overall, the company has kept its current assets at a level sufficient to cover its current liabilities on average.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, has also experienced variability, with values ranging from 0.58 to 1.36. This indicates that the company may sometimes struggle to meet its short-term obligations without relying on inventory.

The cash ratio of Chemours Co has shown a similar pattern of fluctuation, varying between 0.29 and 0.89. This ratio indicates the firm's ability to cover its immediate liabilities with its most liquid assets, mainly cash and cash equivalents.

In summary, while the current ratio suggests that Chemours Co generally maintains an adequate level of liquidity to meet its short-term obligations, the quick and cash ratios reveal fluctuations and potential challenges in quickly covering liabilities without relying on inventory. It would be essential for the company to continue monitoring and managing its liquidity position effectively to ensure financial stability.

Additional liquidity measure

		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
Cash conversion cycle	days	49.70	78.29	79.62	67.85	44.22	54.96	55.96	57.02	39.01	47.40	52.83	55.08	46.91	66.83	72.60	67.36	57.22	74.27	75.96	61.69

The cash conversion cycle of Chemours Co has been fluctuating over the past few quarters. The cash conversion cycle represents the average number of days it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

From the data provided, we can see that the cash conversion cycle has varied between 39.01 days to 79.62 days over the past five years. A shorter cash conversion cycle indicates more efficient management of working capital and faster cash turnover. Conversely, a longer cycle may suggest inefficiencies in managing inventory, receivables, and payables.

In the most recent quarter, the cash conversion cycle was at 49.70 days, showing an improvement from the previous quarter. However, it is essential to monitor this metric over time to ensure consistent efficiency in managing working capital and cash flow operations. Further analysis and comparison with industry benchmarks could provide more insights into Chemours Co's performance in this area.