CF Industries Holdings Inc (CF)

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 3,050,000 4,190,000 4,072,000 3,848,000 3,673,000 3,680,000 3,738,000 3,826,000 2,593,000 1,814,000 1,569,000 1,489,000 1,367,000 1,171,000 1,136,000 1,480,000 974,000 1,669,000 1,488,000 1,412,000
Total current liabilities US$ in thousands 800,000 926,000 622,000 862,000 995,000 1,381,000 1,097,000 2,228,000 1,432,000 1,015,000 643,000 891,000 906,000 681,000 615,000 1,235,000 665,000 1,245,000 1,042,000 826,000
Current ratio 3.81 4.52 6.55 4.46 3.69 2.66 3.41 1.72 1.81 1.79 2.44 1.67 1.51 1.72 1.85 1.20 1.46 1.34 1.43 1.71

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,050,000K ÷ $800,000K
= 3.81

The current ratio for CF Industries Holdings Inc has shown some fluctuations over the past 8 quarters. The ratio indicates the company's ability to meet its short-term obligations with its current assets.

In Q4 2023, the current ratio was 3.81, which suggests the company had $3.81 in current assets for every $1 in current liabilities. This ratio improved from the previous quarter (Q3 2023) when it was 4.52, indicating a better liquidity position.

The current ratio peaked in Q2 2023 at 6.55, which indicates a strong ability to cover short-term obligations with current assets during that period. This was a significant improvement from the previous quarter and a positive sign for the company's financial health.

Looking back further, fluctuations in the current ratio can be observed. Over the past 8 quarters, the current ratio has ranged from a low of 1.72 in Q1 2022 to a high of 6.55 in Q2 2023. The lowest point in Q1 2022 may have raised concerns about the company's ability to cover short-term obligations, while the improving trend seen in the more recent quarters indicates a strengthening liquidity position.

Overall, the current ratio for CF Industries Holdings Inc has shown variability but generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities. It is important for investors and analysts to monitor this ratio over time to assess the company's liquidity and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Current ratio
CF Industries Holdings Inc
CF
3.81
Scotts Miracle-Gro Company
SMG
2.20
The Mosaic Company
MOS
1.22