Celanese Corporation (CE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 962,000 | 1,805,000 | 1,508,000 | 536,000 | 955,000 |
| Short-term investments | US$ in thousands | — | — | — | 10,000 | 533,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,853,000 | 4,072,000 | 4,068,000 | 2,505,000 | 1,973,000 |
| Quick ratio | 0.25 | 0.44 | 0.37 | 0.22 | 0.75 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($962,000K
+ $—K
+ $—K)
÷ $3,853,000K
= 0.25
The quick ratio of Celanese Corporation has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at 0.75, indicating that the company had $0.75 in liquid assets available to cover each dollar of current liabilities.
However, by December 31, 2021, the quick ratio had decreased significantly to 0.22, suggesting a potential liquidity challenge as the ratio fell below 1. This could indicate that Celanese Corporation may have difficulties meeting its short-term obligations using its most liquid assets.
Over the following years, the quick ratio improved, reaching 0.37 by December 31, 2022, 0.44 by December 31, 2023, and then dropping again to 0.25 by December 31, 2024. These fluctuations indicate that the company's ability to cover its current liabilities with its quick assets has been volatile, with periods of improvement followed by setbacks.
Overall, the trend in Celanese Corporation's quick ratio suggests a need for careful monitoring of its liquidity position to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024