Warrior Met Coal Inc (HCC)
Cash 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 and cash equivalents | US$ in thousands | 491,547 | 583,158 | 709,023 | 693,858 | 738,197 | 686,811 | 827,421 | 862,548 | 829,480 | 745,666 | 644,849 | 434,047 | 395,839 | 268,395 | 266,876 | 221,947 | 211,916 | 216,413 | 220,663 | 256,743 |
| Short-term investments | US$ in thousands | 14,622 | 9,392 | 9,270 | 9,149 | 9,030 | 8,913 | 8,801 | 8,697 | 8,608 | 8,546 | 8,512 | 8,506 | 8,505 | 8,505 | 8,505 | 8,504 | 8,504 | 8,504 | 8,502 | 8,500 |
| Total current liabilities | US$ in thousands | 170,430 | 167,333 | 174,337 | 163,042 | 147,670 | 143,961 | 124,154 | 127,720 | 153,124 | 162,949 | 144,471 | 155,684 | 122,128 | 134,394 | 130,670 | 160,963 | 170,318 | 139,277 | 131,147 | 132,726 |
| Cash ratio | 2.97 | 3.54 | 4.12 | 4.31 | 5.06 | 4.83 | 6.74 | 6.82 | 5.47 | 4.63 | 4.52 | 2.84 | 3.31 | 2.06 | 2.11 | 1.43 | 1.29 | 1.61 | 1.75 | 2.00 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($491,547K
+ $14,622K)
÷ $170,430K
= 2.97
Warrior Met Coal Inc's cash ratio has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at a healthy 2.00 on March 31, 2020.
The ratio then experienced a slight decrease to 1.29 by December 31, 2020, suggesting a potential reduction in the company's ability to meet its short-term obligations solely with cash on hand. However, there was a subsequent recovery in the cash ratio over the next few quarters, reaching a peak of 6.82 on March 31, 2023.
From there, the ratio declined slightly but remained relatively stable between 3.54 and 6.82 up to December 31, 2024. This indicates that Warrior Met Coal Inc has maintained a sufficient level of cash and cash equivalents to cover its short-term liabilities, although there have been fluctuations in its liquidity position over the analyzed period. Overall, the company's cash ratio demonstrates varying levels of liquidity and highlights the importance of monitoring changes in cash holdings relative to short-term obligations.
Peer comparison
Dec 31, 2024