Century Aluminum Company (CENX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 802,800 | 767,100 | 677,800 | 618,200 | 456,000 |
| Total current liabilities | US$ in thousands | 463,700 | 763,000 | 410,700 | 547,400 | 240,300 |
| Current ratio | 1.73 | 1.01 | 1.65 | 1.13 | 1.90 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $802,800K ÷ $463,700K
= 1.73
The current ratio of Century Aluminum Company has shown fluctuation over the past five years. Starting from 1.90 in December 2020, the ratio decreased to 1.13 in December 2021, which indicates a potential liquidity concern. However, there was an improvement as the ratio increased to 1.65 by December 2022. In December 2023, the current ratio dropped to 1.01, which may suggest a potential difficulty meeting short-term obligations with current assets alone. Subsequently, a recovery was seen in December 2024, with the ratio rising to 1.73. Overall, the company's current ratio trend indicates varying levels of liquidity over the years, underscoring the importance of closely monitoring the company's ability to meet its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024