Freeport-McMoran Copper & Gold Inc (FCX)
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 | 13,296,000 | 14,545,000 | 14,722,000 | 14,842,000 | 14,065,000 | 14,077,000 | 14,057,000 | 14,746,000 | 15,613,000 | 15,373,000 | 16,182,000 | 15,302,000 | 14,830,000 | 13,791,000 | 12,599,000 | 10,856,000 | 9,303,000 | 8,071,000 | 7,155,000 | 7,357,000 |
| Total current liabilities | US$ in thousands | 5,496,000 | 6,247,000 | 6,136,000 | 6,305,000 | 5,815,000 | 4,860,000 | 4,788,000 | 5,281,000 | 6,345,000 | 5,999,000 | 5,932,000 | 6,454,000 | 5,892,000 | 5,523,000 | 5,527,000 | 4,611,000 | 3,417,000 | 3,096,000 | 2,906,000 | 3,143,000 |
| Current ratio | 2.42 | 2.33 | 2.40 | 2.35 | 2.42 | 2.90 | 2.94 | 2.79 | 2.46 | 2.56 | 2.73 | 2.37 | 2.52 | 2.50 | 2.28 | 2.35 | 2.72 | 2.61 | 2.46 | 2.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,296,000K ÷ $5,496,000K
= 2.42
The current ratio of Freeport-McMoran Copper & Gold Inc has displayed a generally stable trend over the past few years. It stood at 2.34 as of March 31, 2020, before gradually increasing to reach a peak of 2.94 as of June 30, 2023. Subsequently, the ratio fluctuated within a narrow range, hovering between 2.33 and 2.79 until December 31, 2024.
Overall, the company's current ratio indicates a relatively healthy liquidity position, consistently maintaining a level above 2 during the period under review. This implies that Freeport-McMoran Copper & Gold Inc has sufficient current assets to cover its current liabilities, suggesting a strong ability to meet its short-term obligations. However, it is essential to consider other factors alongside the current ratio to get a comprehensive understanding of the company's liquidity and financial health.
Peer comparison
Dec 31, 2024
See also:
Freeport-McMoran Copper & Gold Inc Current Ratio (Quarterly Data)