Core Natural Resources, Inc. (CNR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 408,240 | 199,371 | 273,070 | 394,447 | 674,255 |
| Short-term investments | US$ in thousands | 51,993 | 81,932 | 0 | 2,759 | 2,333 |
| Total current liabilities | US$ in thousands | 518,684 | 443,724 | 448,798 | 855,435 | 667,152 |
| Cash ratio | 0.89 | 0.63 | 0.61 | 0.46 | 1.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($408,240K
+ $51,993K)
÷ $518,684K
= 0.89
Core Natural Resources, Inc.'s cash ratio has shown fluctuations over the years. The cash ratio measures the company's ability to cover its current liabilities with its available cash and cash equivalents.
In December 2020, the cash ratio was at 1.01, indicating that the company had just enough cash to cover its short-term obligations. However, by December 2021, the ratio dropped to 0.46, suggesting a significant decrease in the company's ability to meet its short-term liabilities solely with cash.
Subsequently, there was a slight improvement in the cash ratio in December 2022 and December 2023, reaching 0.61 and 0.63, respectively. This may indicate a better management of cash resources during these periods.
By December 2024, the cash ratio further increased to 0.89. This improvement suggests that the company may have focused on enhancing its cash position to better meet its short-term obligations. However, it is important to note that the cash ratio is still below 1, indicating that Core Natural Resources, Inc. may need to continue monitoring and managing its cash position effectively to ensure it can meet its obligations in the future.
Peer comparison
Dec 31, 2024