Century Aluminum Company (CENX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 32,900 | 88,800 | 54,300 | 29,000 | 81,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 89,000 | 89,900 | 71,700 | 88,900 | 61,300 |
| Total current liabilities | US$ in thousands | 463,700 | 763,000 | 410,700 | 547,400 | 240,300 |
| Quick ratio | 0.26 | 0.23 | 0.31 | 0.22 | 0.59 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($32,900K
+ $—K
+ $89,000K)
÷ $463,700K
= 0.26
The quick ratio of Century Aluminum Company has exhibited fluctuations over the years, starting at 0.59 on December 31, 2020, decreasing to 0.22 by December 31, 2021, and then showing some improvement to 0.31 by December 31, 2022. However, the ratio declined again to 0.23 on December 31, 2023, before increasing slightly to 0.26 by December 31, 2024.
The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, indicates that Century Aluminum Company may have faced challenges in maintaining sufficient liquid assets relative to its current liabilities during the period analyzed. It is important for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively and sustainably.
Peer comparison
Dec 31, 2024