Core Natural Resources, Inc. (CNR)

Cash 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 and cash equivalents	US$ in thousands	408,240	158,295	122,299	172,551	199,371	167,586	189,539	192,826	273,070	268,853	1,119,240	542,035	394,447	677,187	88,978	666,717	674,255	627,603	483,497	475,701
Short-term investments	US$ in thousands	51,993	84,333	83,344	82,583	81,932	81,009	100,699	75,310	0	—	2,254	2,301	2,759	2,567	2,695	2,527	2,333	1,917	3,531	2,891
Total current liabilities	US$ in thousands	518,684	1,004,270	991,506	417,296	443,724	454,151	413,731	442,466	448,798	515,005	931,555	895,331	855,435	817,942	820,360	728,987	667,152	696,251	593,472	629,531
Cash ratio		0.89	0.24	0.21	0.61	0.63	0.55	0.70	0.61	0.61	0.52	1.20	0.61	0.46	0.83	0.11	0.92	1.01	0.90	0.82	0.76

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 exhibited fluctuations over the periods indicated. The ratio stood at 0.76 as of March 31, 2020, before gradually increasing to 1.01 by December 31, 2020. However, a sudden drop was observed by June 30, 2021, where the ratio plummeted to 0.11. Subsequently, the ratio showed some volatility until June 30, 2022, when it saw a significant increase to 1.20. Thereafter, the ratio declined, stabilizing around 0.60 in the following periods. The fluctuations in the cash ratio suggest varying levels of liquidity that may impact the company's ability to cover its short-term liabilities with its cash and cash equivalents.

Peer comparison

Dec 31, 2024

Company name

Symbol

Cash ratio

Core Natural Resources, Inc.

CNR

0.89

Warrior Met Coal Inc

HCC

2.97