Chemours Co (CC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 713,000 | 596,000 | 619,000 | 746,000 | 1,807,000 | 852,000 | 738,000 | 816,000 | 1,102,000 | 1,167,000 | 1,248,000 | 1,145,000 | 1,451,000 | 1,031,000 | 1,139,000 | 1,008,000 | 1,105,000 | 956,000 | 1,031,000 | 714,000 |
| Short-term investments | US$ in thousands | — | 50,000 | — | — | — | — | — | — | — | — | — | — | — | — | 178,000 | — | 167 | 182 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.40 | 0.36 | 0.40 | 0.33 | 0.73 | 0.39 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($713,000K
+ $—K
+ $—K)
÷ $1,803,000K
= 0.40
The quick ratio of Chemours Co has varied over the period analyzed. It started at a relatively low level of 0.53 as of March 31, 2020, indicating a weaker ability to cover current liabilities with its most liquid assets. The ratio improved to 0.89 by June 30, 2020, showing a positive trend towards better liquidity. However, there were fluctuations in the quick ratio in subsequent quarters, with values ranging between 0.65 to 0.79 through June 30, 2022.
The quick ratio dropped to 0.58 by September 30, 2022, signaling a potential liquidity challenge. It further decreased to 0.47 by March 31, 2023, reaching a low point in the period under review. The ratio improved slightly to 0.40 by June 30, 2024, before declining again to 0.36 by September 30, 2024. By the end of December 31, 2024, the quick ratio stood at 0.40, showing some stability but still remaining below the ideal level of 1.
Overall, the fluctuations in Chemours Co's quick ratio indicate varying levels of liquidity and the company's ability to meet short-term obligations with its quick assets. Maintaining a quick ratio above 1 is crucial for a company's financial health, as it ensures sufficient liquid assets to cover immediate liabilities without relying on inventory.
Peer comparison
Dec 31, 2024