Celanese Corporation (CE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,145,000 | 6,218,000 | 6,611,000 | 3,807,000 | 3,763,000 |
| Total current liabilities | US$ in thousands | 3,853,000 | 4,072,000 | 4,068,000 | 2,505,000 | 1,973,000 |
| Current ratio | 1.34 | 1.53 | 1.63 | 1.52 | 1.91 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,145,000K ÷ $3,853,000K
= 1.34
The current ratio for Celanese Corporation has shown some fluctuation over the past five years. Starting at 1.91 on December 31, 2020, it decreased to 1.52 by December 31, 2021, indicating a potentially tighter liquidity position compared to the previous year. However, the ratio improved to 1.63 on December 31, 2022, before declining again to 1.53 on December 31, 2023. The most recent data point shows the current ratio at 1.34 on December 31, 2024, which may suggest a further decrease in short-term liquidity.
Overall, the trend in the current ratio for Celanese Corporation indicates some variability in its ability to meet short-term obligations with current assets alone. It is important for the company to closely monitor and manage its current assets and liabilities to ensure a healthy liquidity position and financial stability in the future.
Peer comparison
Dec 31, 2024