Century Aluminum Company (CENX)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 89,000 | 137,200 | 86,300 | 89,900 | 65,300 | 48,800 | 64,300 | 71,700 | 86,800 | 139,200 | 146,300 | 88,900 | 89,300 | 92,700 | 78,700 | 61,300 | 65,600 | 45,700 | 70,700 | 100,200 |
| 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 |
| Quick ratio | 0.26 | 0.42 | 0.38 | 0.23 | 0.21 | 0.17 | 0.26 | 0.31 | 0.37 | 0.38 | 0.30 | 0.22 | 0.28 | 0.26 | 0.29 | 0.59 | 0.73 | 0.88 | 0.77 | 0.60 |
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 fluctuated over the period from December 31, 2019, to December 31, 2024. The quick ratio started at 0.60 on December 31, 2019, and experienced fluctuations before reaching 0.26 on June 30, 2022. This ratio improved slightly to 0.37 on September 30, 2022, and then decreased to 0.17 on June 30, 2023, but recovered to 0.23 by December 31, 2023. The ratio increased to 0.42 on June 30, 2024, before declining to 0.26 on December 31, 2024.
Overall, the quick ratio shows variability, indicating changes in the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1.0 suggests that the company may have difficulty covering its short-term liabilities with its current assets. Century Aluminum Company should continue monitoring and managing its liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024