Celanese Corporation (CE)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,765,000 | 2,843,000 | 2,876,000 | 2,884,000 |
| Total current liabilities | US$ in thousands | 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 | 1,754,000 | 1,533,000 | 1,408,000 | 1,822,000 |
| Current ratio | 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 | 1.58 | 1.85 | 2.04 | 1.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,218,000K ÷ $4,072,000K
= 1.53
The current ratio of Celanese Corp has been fluctuating over the past eight quarters, ranging from a low of 1.53 in Q4 2023 to a high of 4.73 in Q3 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities, which implies a stronger liquidity position.
In the most recent quarter, Q4 2023, the current ratio decreased to 1.53 from the previous quarter, Q3 2023, where it was 1.63. This decline may raise concerns about the company's ability to cover its short-term obligations with its current assets. However, it is essential to consider the industry benchmarks and historical trends to accurately interpret the significance of this change in the current ratio.
Looking at the trend over the past quarters, it is evident that the company had a significant spike in the current ratio in Q3 2022, which may have been influenced by various factors such as a large increase in current assets or a decrease in current liabilities. The subsequent decrease in the current ratio in the following quarters indicates a shift in the liquidity position of the company.
Overall, analyzing the current ratio of Celanese Corp provides insights into its short-term liquidity position and its ability to meet its immediate financial obligations. The fluctuations observed in the current ratio highlight the dynamic nature of the company's financial health and the importance of monitoring liquidity metrics on an ongoing basis.
Peer comparison
Dec 31, 2023