CF Industries Holdings Inc (CF)
Quick ratio
| Dec 31, 2024 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,614,000 | 1,877,000 | 1,819,000 | 1,773,000 | 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 |
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 818,000 | 1,013,000 | 596,000 | 690,000 | 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 |
| Quick ratio | 1.97 | 1.85 | 3.05 | 2.57 | 2.54 | 3.92 | 5.57 | 3.62 | 2.60 | 1.75 | 2.36 | 1.21 | 1.18 | 0.84 | 1.34 | 1.00 | 0.84 | 0.94 | 0.92 | 0.61 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,614,000K
+ $—K
+ $—K)
÷ $818,000K
= 1.97
The quick ratio of CF Industries Holdings Inc has shown fluctuating trends over the specified period. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets.
Starting from March 31, 2020, the quick ratio was relatively low at 0.61, indicating a potential liquidity concern. However, the ratio improved gradually over the next few quarters, reaching a high of 5.57 on June 30, 2023, showing a significant improvement in the company's liquidity position.
Subsequently, the quick ratio declined in the following quarters, possibly due to changes in the company's working capital or liquid assets. As of December 31, 2024, the quick ratio stood at 1.97, reflecting a moderate level of liquidity to cover short-term liabilities.
Overall, the fluctuation in CF Industries Holdings Inc's quick ratio suggests variations in the company's ability to quickly convert its current assets into cash to meet its short-term obligations. It is essential for investors and stakeholders to closely monitor these ratios to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024