Core Natural Resources, Inc. (CNR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 518,684 | 443,724 | 448,798 | 855,435 | 667,152 |
| Quick ratio | 0.89 | 0.63 | 0.61 | 0.46 | 1.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($408,240K
+ $51,993K
+ $—K)
÷ $518,684K
= 0.89
Core Natural Resources, Inc.'s quick ratio has displayed some fluctuations over the past five years. As of December 31, 2020, the quick ratio was at a healthy level of 1.01, indicating that the company had sufficient liquid assets to cover its current liabilities. However, by the end of 2021, the quick ratio dropped significantly to 0.46, suggesting a potential strain on the company's liquidity position.
There was a slight improvement by the end of 2022, with the quick ratio increasing to 0.61, but it still remained below the ideal benchmark of 1. This improvement continued into 2023 and 2024, with the quick ratio reaching 0.63 and 0.89, respectively. While the quick ratio showed a positive trend in the latter years, it is worth noting that the ratio remained below 1, indicating that Core Natural Resources may still face challenges in meeting its short-term obligations solely with its liquid assets.
Overall, the trend in Core Natural Resources, Inc.'s quick ratio suggests varying levels of liquidity over the analyzed period, with efforts to improve the ratio in recent years. However, investors and creditors may still want to monitor this ratio closely to ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024