Consol Energy Inc (CEIX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 601,006 | 598,483 | 386,340 | 292,941 | 338,029 |
| Total current liabilities | US$ in thousands | 443,724 | 448,798 | 445,232 | 368,470 | 392,264 |
| Current ratio | 1.35 | 1.33 | 0.87 | 0.80 | 0.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $601,006K ÷ $443,724K
= 1.35
Consol Energy Inc's current ratio has shown improvement over the past five years. The company's current ratio increased from 0.86 in 2019 to 1.35 in 2023, indicating an enhancement in its short-term liquidity position. The upward trend suggests that the company has strengthened its ability to meet its short-term obligations with its current assets. However, it is essential to note that the current ratio dipped to 0.80 in 2020 before recovering and continuing to improve in the subsequent years. Overall, Consol Energy Inc's current ratio demonstrates a positive trend, reflecting its enhanced liquidity position in recent years.
Peer comparison
Dec 31, 2023