Celanese Corporation (CE)
Cash 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 and cash equivalents | US$ in thousands | 962,000 | 813,000 | 1,185,000 | 1,483,000 | 1,805,000 | 1,357,000 | 1,296,000 | 1,167,000 | 1,508,000 | 9,671,000 | 783,000 | 605,000 | 536,000 | 1,340,000 | 1,054,000 | 791,000 | 955,000 | 615,000 | 539,000 | 570,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 7,000 | 9,000 | 10,000 | 28,000 | 29,000 | 331,000 | 533,000 | 35,000 | 36,000 | 38,000 |
| Total current liabilities | US$ in thousands | 3,853,000 | 4,159,000 | 4,626,000 | 4,925,000 | 4,072,000 | 3,616,000 | 3,922,000 | 3,851,000 | 4,068,000 | 2,788,000 | 2,595,000 | 2,554,000 | 2,505,000 | 1,812,000 | 2,129,000 | 1,935,000 | 1,973,000 | 2,409,000 | 2,262,000 | 1,928,000 |
| Cash ratio | 0.25 | 0.20 | 0.26 | 0.30 | 0.44 | 0.38 | 0.33 | 0.30 | 0.37 | 3.47 | 0.30 | 0.24 | 0.22 | 0.75 | 0.51 | 0.58 | 0.75 | 0.27 | 0.25 | 0.32 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($962,000K
+ $—K)
÷ $3,853,000K
= 0.25
The cash ratio of Celanese Corporation has fluctuated over the past few years, ranging from as low as 0.20 to as high as 3.47. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing, while a lower ratio may suggest liquidity concerns.
In December 2022 and September 2021, Celanese Corporation had notably high cash ratios of 0.75 and 0.75, respectively, indicating a robust cash position relative to its short-term liabilities. On the other hand, the lowest cash ratio was observed in September 2024 at 0.20, which may raise concerns about the company's liquidity.
Overall, analyzing the trend of the cash ratio can provide insights into Celanese Corporation's liquidity management and financial health, highlighting periods of strength and potential areas of improvement.
Peer comparison
Dec 31, 2024