Celanese Corporation (CE)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 been fluctuating over the past few years, ranging from as low as 0.20 to as high as 3.47. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.
In the earlier periods, the quick ratio was relatively low, hovering around 0.25 to 0.32, suggesting a potential liquidity issue. However, there was a significant improvement noted towards the end of 2020 and throughout 2021, with the ratio increasing to 0.75. This indicated a stronger ability to cover short-term obligations with liquid assets.
During the subsequent periods in 2022 and 2023, the quick ratio fluctuated but generally remained above 0.20, showing continued stability in the company's liquidity position. Notably, there was a spike in the quick ratio to 3.47 in September 2022, which could indicate a temporary influx of highly liquid assets or a reduction in short-term obligations.
However, towards the end of 2023 and into 2024, the quick ratio started to decline again, dropping to as low as 0.20. This decrease suggests a potential deterioration in the company's ability to cover its short-term obligations with readily available assets.
In conclusion, while the quick ratio of Celanese Corporation has shown fluctuations over the years, indicating varying levels of liquidity, it is crucial for the company to maintain a sustainable level of liquidity to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024