CF Industries Holdings Inc (CF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,520,000 | 3,050,000 | 3,673,000 | 2,593,000 | 1,367,000 |
| Total current liabilities | US$ in thousands | 818,000 | 800,000 | 995,000 | 1,432,000 | 906,000 |
| Current ratio | 3.08 | 3.81 | 3.69 | 1.81 | 1.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,520,000K ÷ $818,000K
= 3.08
Based on the provided data, CF Industries Holdings Inc's current ratio has shown an increasing trend over the years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. As of December 31, 2020, the current ratio was 1.51, indicating that the company had $1.51 in current assets for every dollar of current liabilities.
By December 31, 2024, the current ratio had increased to 3.08, suggesting that the company's liquidity position had improved significantly. This indicates that CF Industries Holdings Inc had $3.08 in current assets for every dollar of current liabilities by the end of 2024.
Overall, the company's current ratio has strengthened over the years, reflecting a healthier liquidity position and an improved ability to cover its short-term obligations with its current assets. This trend suggests that CF Industries Holdings Inc has been effectively managing its working capital and maintaining a strong financial position.
Peer comparison
Dec 31, 2024