Century Aluminum Company (CENX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 802,800 | 735,900 | 781,100 | 767,100 | 684,400 | 700,000 | 604,600 | 677,800 | 758,600 | 757,000 | 728,500 | 618,200 | 554,900 | 478,000 | 440,900 | 456,000 | 443,300 | 531,400 | 583,800 | 487,300 |
| 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 |
| Current ratio | 1.73 | 1.72 | 1.67 | 1.01 | 1.08 | 1.22 | 1.64 | 1.65 | 1.87 | 1.70 | 1.27 | 1.13 | 1.08 | 1.21 | 1.21 | 1.90 | 2.20 | 2.13 | 2.05 | 2.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $802,800K ÷ $463,700K
= 1.73
Century Aluminum Company's current ratio has shown some fluctuations over the past few years. The ratio was relatively stable around 2 in 2019 and 2020, indicating the company had twice as many current assets as current liabilities during that period.
However, starting from March 2021, the current ratio began to decrease, dropping to as low as 1.01 by December 2023. This downward trend suggests that the company may be facing challenges in managing its short-term obligations compared to its current assets during this period.
Subsequently, there was a slight improvement in the current ratio in March 2024, increasing to 1.67 and reaching 1.73 by June 2024. While the ratio is still below the ideal value of 2, this improvement may indicate that Century Aluminum Company is making efforts to strengthen its liquidity position and better manage its current liabilities relative to its current assets.
Overall, the analysis of Century Aluminum Company's current ratio highlights the importance of monitoring changes in liquidity over time to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024