CF Industries Holdings Inc (CF)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,032,000 | 3,254,000 | 3,219,000 | 2,825,000 | 2,323,000 | 2,192,000 | 2,370,000 | 2,617,000 | 1,628,000 | 757,000 | 777,000 | 804,000 | 683,000 | 553,000 | 563,000 | 753,000 | 287,000 | 1,019,000 | 858,000 | 671,000 |
| Short-term investments | US$ in thousands | — | 374,000 | 244,000 | 294,000 | 268,000 | 222,000 | 218,000 | 86,000 | 55,000 | 92,000 | 82,000 | 91,000 | 80,000 | 86,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 505,000 | 417,000 | 388,000 | 482,000 | 582,000 | 721,000 | 724,000 | 679,000 | 497,000 | 386,000 | 401,000 | 271,000 | 265,000 | 234,000 | 250,000 | 251,000 | 242,000 | 311,000 | 313,000 | 264,000 |
| 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 |
| Quick ratio | 3.17 | 4.37 | 6.19 | 4.18 | 3.19 | 2.27 | 3.02 | 1.52 | 1.52 | 1.22 | 1.96 | 1.31 | 1.13 | 1.28 | 1.32 | 0.81 | 0.80 | 1.07 | 1.12 | 1.13 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,032,000K
+ $—K
+ $505,000K)
÷ $800,000K
= 3.17
The quick ratio of CF Industries Holdings Inc has shown fluctuations over the past eight quarters. The quick ratio represents the company's ability to meet its short-term obligations with its most liquid assets.
In Q2 2023, the quick ratio was the highest at 6.03, indicating a strong ability to meet short-term obligations with its liquid assets. This could suggest a healthy liquidity position during that quarter.
In contrast, in Q1 2022, the quick ratio was at its lowest at 1.50, which could raise concerns about the company's ability to cover its short-term liabilities with its current liquid assets.
Overall, the trend of the quick ratio over the quarters shows variability, with some quarters indicating a strong liquidity position and others showing a weaker position. It is essential for investors and stakeholders to assess the company's financial health taking into account the fluctuations in the quick ratio over time.
Peer comparison
Dec 31, 2023