Freeport-McMoran Copper & Gold Inc (FCX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 13,296,000 | 14,065,000 | 15,613,000 | 14,830,000 | 9,303,000 |
| Total current liabilities | US$ in thousands | 5,496,000 | 5,815,000 | 6,345,000 | 5,892,000 | 3,417,000 |
| Current ratio | 2.42 | 2.42 | 2.46 | 2.52 | 2.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,296,000K ÷ $5,496,000K
= 2.42
Freeport-McMoran Copper & Gold Inc's current ratio has exhibited a relatively stable trend over the past five years. Starting at 2.72 on December 31, 2020, the ratio gradually decreased to 2.52 by December 31, 2021. Subsequently, there was a marginal decline to 2.46 on December 31, 2022, followed by a further decrease to 2.42 by December 31, 2023, which was maintained at the same level by December 31, 2024.
Overall, the company's current ratio indicates that for each dollar of current liabilities, Freeport-McMoran Copper & Gold Inc had $2.42-$2.72 of current assets available to cover those obligations during this period. This suggests that the company has generally maintained a healthy liquidity position over time, although there was a slight downward trend in recent years, which may warrant further monitoring to ensure adequate short-term financial stability.
Peer comparison
Dec 31, 2024