Century Aluminum Company (CENX)
Cash ratio
| Dec 31, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 32,900 | 41,300 | 93,500 | 88,800 | 70,300 | 50,600 | 30,400 | 54,300 | 64,800 | 30,000 | 26,600 | 29,000 | 57,600 | 9,000 | 26,300 | 81,600 | 81,400 | 174,100 | 147,600 | 38,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 463,700 | 428,100 | 468,900 | 763,000 | 634,000 | 573,400 | 368,900 | 410,700 | 406,100 | 444,800 | 574,000 | 547,400 | 515,500 | 394,400 | 364,300 | 240,300 | 201,200 | 249,600 | 284,900 | 233,700 |
| Cash ratio | 0.07 | 0.10 | 0.20 | 0.12 | 0.11 | 0.09 | 0.08 | 0.13 | 0.16 | 0.07 | 0.05 | 0.05 | 0.11 | 0.02 | 0.07 | 0.34 | 0.40 | 0.70 | 0.52 | 0.17 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($32,900K
+ $—K)
÷ $463,700K
= 0.07
The cash ratio for Century Aluminum Company has shown fluctuations over the past five years, ranging from as low as 0.02 to as high as 0.70. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Analyzing the trend, we can observe that the cash ratio increased from December 2019 to June 2020, indicating a stronger liquidity position during this period. However, there was a decline in the cash ratio between June 2020 and March 2021, suggesting a potential strain on the company's liquidity.
From March 2021 to September 2022, the cash ratio remained relatively low, hovering around 0.05 to 0.16. This could indicate a possible challenge in meeting short-term obligations with available cash reserves.
Notably, there was a significant increase in the cash ratio from March 2024 to June 2024, reaching 0.20. This uptrend may suggest an improvement in the company's liquidity position during this specific period.
Overall, the fluctuating nature of Century Aluminum Company's cash ratio highlights the importance of closely monitoring its liquidity management to ensure sufficient cash to cover short-term obligations.
Peer comparison
Dec 31, 2024