Warrior Met Coal Inc (HCC)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 193,383 | 208,673 | 119,318 | 154,912 |
| Short-term investments | US$ in thousands | 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 | 14,675 | 24,171 | 14,250 | 17,501 |
| Total current liabilities | US$ in thousands | 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 | 128,952 | 150,179 | 121,257 | 121,500 |
| Cash ratio | 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 | 1.61 | 1.55 | 1.10 | 1.42 |
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 shown fluctuation in the recent quarters, ranging from a low of 3.01 in Q1 2022 to a high of 7.09 in Q1 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off short-term obligations, while a lower ratio may signal liquidity issues.
The company's cash ratio has generally been above 1, which suggests that Warrior Met Coal Inc has sufficient cash to cover its short-term liabilities. However, the variation in the ratio over the quarters may indicate changes in the company's cash position and liquidity levels. The increasing trend from Q2 2022 to Q1 2023, peaking at 7.09, shows an improvement in the company's liquidity position during this period.
Overall, the fluctuations in Warrior Met Coal Inc's cash ratio imply changes in its cash management practices and financial health. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023