Century Aluminum Company (CENX)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 474,100 | 501,600 | 483,300 |
| Total current liabilities | US$ in thousands | 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 | 212,300 | 204,600 | 229,600 |
| Current ratio | 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 | 2.23 | 2.45 | 2.10 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $767,100K ÷ $763,000K
= 1.01
Century Aluminum Company's current ratio has shown fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio of above 1 indicates that a company has more current assets than current liabilities.
As per the data provided, the current ratio for Century Aluminum Company has ranged from 1.01 to 2.45 over the past five years. The current ratio peaked at 2.45 in Q3 2019, indicating strong ability to cover short-term obligations. However, the current ratio has since declined and fluctuated between 1.01 and 2.20 in the most recent quarters.
The recent decrease in the current ratio may suggest that Century Aluminum Company may be facing challenges in managing its short-term obligations with its current assets. Investors and stakeholders should monitor this trend closely to assess the company's liquidity position and ability to meet its current liabilities. Further analysis of the company's asset composition and liabilities structure is recommended to gain a deeper understanding of the factors influencing the current ratio.
Peer comparison
Dec 31, 2023