Warrior Met Coal Inc (HCC)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 738,197 | 829,480 | 395,839 | 211,916 | 193,383 |
| Short-term investments | US$ in thousands | 9,030 | 8,608 | 8,505 | 8,504 | 14,675 |
| Total current liabilities | US$ in thousands | 147,670 | 153,124 | 122,128 | 170,318 | 128,952 |
| Cash ratio | 5.06 | 5.47 | 3.31 | 1.29 | 1.61 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($738,197K
+ $9,030K)
÷ $147,670K
= 5.06
The cash ratio of Warrior Met Coal Inc has exhibited variability over the past five years. The company's cash ratio was 5.25 as of December 31, 2023, indicating that it had $5.25 in cash and cash equivalents for every $1 of current liabilities. This represents a slight decrease compared to the prior year, where the cash ratio was 5.64, suggesting a higher liquidity position.
Looking back further, the cash ratio was 3.58 on December 31, 2021, showing an increase from the previous year. In contrast, on December 31, 2020, the cash ratio was 1.53, indicating a significant improvement in liquidity compared to the prior year. Additionally, on December 31, 2019, the cash ratio was 1.80, showing a higher level of liquidity compared to the fiscal year 2020.
Overall, Warrior Met Coal Inc's cash ratio has demonstrated fluctuations over the past five years, with some periods showing improved liquidity positions while others showing slight decreases. This indicates that the company has managed its cash and cash equivalents relative to its current liabilities with varying levels of efficiency during this period.
Peer comparison
Dec 31, 2023