Core Natural Resources, Inc. (CNR)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | 196,644 | 147,370 | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.89 | 0.24 | 0.21 | 0.61 | 0.63 | 0.55 | 0.70 | 0.61 | 1.05 | 0.81 | 1.20 | 0.61 | 0.46 | 0.83 | 0.11 | 0.92 | 1.01 | 0.90 | 0.82 | 0.76 |
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 fluctuated over the past few years, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. From March 2020 to June 2020, the quick ratio improved from 0.76 to 0.82, suggesting a slight increase in short-term liquidity. However, there was a significant improvement by December 2020, with the ratio reaching 1.01, indicating that the company had more than enough liquid assets to cover its short-term liabilities.
Subsequently, there was a notable decline in the quick ratio by March 2021 to 0.92, followed by a sharp drop by June 2021 to 0.11. This low ratio may raise concerns about the company's ability to meet its short-term obligations using its quick assets. However, the ratio improved by September 2021 to 0.83, showing a slight recovery. Throughout the following quarters, the quick ratio continued to fluctuate, with values ranging from 0.46 to 1.20.
By December 2024, the quick ratio stood at 0.89, indicating a modest improvement in liquidity compared to previous periods. Overall, the trend in Core Natural Resources, Inc.'s quick ratio suggests some volatility in its short-term liquidity position, with periods of strength and weakness. Analysts may want to further investigate the company's management of liquid assets and short-term liabilities to assess its financial stability.
Peer comparison
Dec 31, 2024