Core Natural Resources, Inc. (CNR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 785,958 | 601,006 | 598,483 | 1,987,080 | 1,791,170 |
| Total current liabilities | US$ in thousands | 518,684 | 443,724 | 448,798 | 855,435 | 667,152 |
| Current ratio | 1.52 | 1.35 | 1.33 | 2.32 | 2.68 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $785,958K ÷ $518,684K
= 1.52
The current ratio of Core Natural Resources, Inc. has exhibited fluctuations over the past five years. As of December 31, 2020, the company's current ratio stood at 2.68, indicating a healthy level of liquidity to meet its short-term obligations. However, there was a slight decrease in the current ratio to 2.32 by the end of 2021, although it still remained above the industry average.
Subsequently, the current ratio experienced a more significant decline to 1.33 by December 31, 2022, suggesting a potential strain on the company's ability to cover its current liabilities with its current assets. This trend continued into 2023, with a marginal increase to 1.35, indicating some improvement but still reflecting a concerning liquidity position.
By December 31, 2024, the current ratio of Core Natural Resources, Inc. improved to 1.52, showing a further recovery in its short-term liquidity position. Overall, the fluctuating trend in the current ratio highlights the importance of monitoring the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024