Core Natural Resources, Inc. (CNR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 785,958 | 1,654,660 | 1,518,750 | 613,713 | 601,006 | 579,394 | 578,424 | 611,988 | 598,483 | 558,297 | 2,717,060 | 2,179,280 | 1,987,080 | 2,076,590 | 1,786,150 | 1,890,470 | 1,791,170 | 1,735,820 | 1,526,180 | 1,538,140 |
| 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 |
| Current ratio | 1.52 | 1.65 | 1.53 | 1.47 | 1.35 | 1.28 | 1.40 | 1.38 | 1.33 | 1.08 | 2.92 | 2.43 | 2.32 | 2.54 | 2.18 | 2.59 | 2.68 | 2.49 | 2.57 | 2.44 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $785,958K ÷ $518,684K
= 1.52
Core Natural Resources, Inc.'s current ratio has exhibited fluctuations over the past few years. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to June 30, 2022, the company maintained a current ratio above 2, indicating a strong ability to cover its short-term liabilities. However, from September 30, 2022, onwards, the current ratio started declining significantly, dropping to 1.08 by September 30, 2022, and fluctuating around the 1.3-1.6 range thereafter.
The decreasing trend in the current ratio from September 2022 onwards may raise concerns about the company’s liquidity and its ability to cover short-term obligations efficiently. Further analysis of the company's current assets and liabilities would be necessary to understand the factors impacting the current ratio dynamics in more detail.
Peer comparison
Dec 31, 2024