Celanese Corporation (CE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,145,000 | 5,706,000 | 5,904,000 | 5,945,000 | 6,218,000 | 5,887,000 | 6,252,000 | 6,448,000 | 6,611,000 | 13,192,000 | 4,459,000 | 4,200,000 | 3,807,000 | 4,355,000 | 4,061,000 | 3,710,000 | 3,763,000 | 2,771,000 | 2,709,000 | 2,855,000 |
| 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 |
| Current ratio | 1.34 | 1.37 | 1.28 | 1.21 | 1.53 | 1.63 | 1.59 | 1.67 | 1.63 | 4.73 | 1.72 | 1.64 | 1.52 | 2.40 | 1.91 | 1.92 | 1.91 | 1.15 | 1.20 | 1.48 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,145,000K ÷ $3,853,000K
= 1.34
The current ratio of Celanese Corporation has displayed some fluctuations over the past few years. It stood at 1.48 as of March 31, 2020, indicating that the company had $1.48 in current assets for every $1 in current liabilities.
Subsequently, the current ratio decreased to 1.20 by June 30, 2020, and further declined to 1.15 by September 30, 2020. However, there was a notable improvement in the ratio by December 31, 2020, reaching 1.91. The ratio remained relatively stable around this level for the next few quarters.
There was a significant surge in the current ratio to 2.40 by September 30, 2021, reflecting a substantial increase in current assets in relation to current liabilities. However, by December 31, 2021, the ratio dropped to 1.52, showing a decrease in liquidity compared to the previous quarter.
The trend continued with the current ratio fluctuating around 1.6 over the next few quarters, with a peak of 4.73 on September 30, 2022, suggesting a strong ability to cover short-term obligations. By June 30, 2024, the current ratio decreased to 1.28, indicating a potential strain on liquidity.
Overall, the current ratio of Celanese Corporation has shown variability, with some quarters reflecting strong liquidity positions while others indicating potential challenges in meeting short-term obligations. It is essential for the company to closely monitor and manage its current assets and liabilities to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024