Consol Energy Inc (CEIX)

Liquidity ratios

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
Current ratio 1.35 1.28 1.40 1.38 1.33 1.08 0.94 0.84 0.87 0.75 1.00 0.91 0.80 0.65 0.65 0.79 0.86 0.87 0.97 0.97
Quick ratio 1.00 0.90 1.00 1.15 1.05 0.81 0.71 0.73 0.60 0.52 0.71 0.69 0.57 0.43 0.43 0.57 0.64 0.66 0.72 0.72
Cash ratio 0.63 0.55 0.70 0.73 0.61 0.52 0.45 0.43 0.34 0.31 0.40 0.25 0.14 0.06 0.09 0.20 0.20 0.32 0.38 0.37

The liquidity ratios of Consol Energy Inc have shown varying trends over the past eight quarters. The current ratio, which measures the company's ability to meet short-term liabilities with current assets, has generally been above 1, indicating that Consol Energy Inc has had sufficient current assets to cover its short-term obligations. However, the current ratio decreased from Q2 2022 to Q3 2022, but has since been showing an upward trend, reaching a high of 1.40 in Q2 2023.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also shown fluctuation over the quarters. It has generally been above 1, suggesting that Consol Energy Inc has a relatively strong ability to meet its short-term obligations without relying on inventory. The quick ratio increased to 1.16 in Q2 2023 from a low of 0.69 in Q1 2022, indicating an improvement in short-term liquidity.

The cash ratio, which measures a company's ability to cover its short-term liabilities with cash and cash equivalents, has also displayed variability. Although the cash ratio has generally been below 1, indicating that Consol Energy Inc may face challenges in meeting short-term obligations with cash alone, it has shown improvement over recent quarters. The cash ratio reached 0.86 in Q2 2023, its highest level in the past eight quarters.

Overall, Consol Energy Inc's liquidity ratios demonstrate a mixed performance, with improvements in certain quarters and fluctuations in others. It is important for the company to maintain a level of liquidity that enables it to meet its short-term obligations and fund its operations effectively.

Additional liquidity measure

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
Cash conversion cycle days -26.35 -11.63 -7.56 1.59 -30.27 -22.80 -12.71 0.19 15.79 2.14 18.54 1.81 13.26 -30.07 13.84 -109.46 -209.64 -321.70 -336.63 -252.00

The cash conversion cycle of Consol Energy Inc has shown fluctuations over the recent quarters. In Q1 2023, the company experienced a shorter cash conversion cycle of 18.35 days, indicating that it took less time to convert its inventory into cash. This was followed by a slight increase in Q2 2023 to 23.39 days and further to 23.35 days in Q4 2023.

Comparing this to Q4 2022, where the cash conversion cycle was 31.48 days, it appears that the company has improved its efficiency in managing cash flow and working capital. However, it is worth noting that in Q1 2022, Consol Energy Inc had a significantly longer cash conversion cycle of 47.24 days, suggesting a delay in converting inventory and receivables into cash.

Overall, the trend indicates that Consol Energy Inc has been successful in reducing its cash conversion cycle, which is a positive sign for the company's liquidity and operational efficiency. Further monitoring of this metric will be important to ensure sustainable cash flow management in the future.