Warrior Met Coal Inc (HCC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,069,170 | 1,173,110 | 627,201 | 467,483 | 444,046 |
| Total current liabilities | US$ in thousands | 147,670 | 153,124 | 122,128 | 170,318 | 128,952 |
| Current ratio | 7.24 | 7.66 | 5.14 | 2.74 | 3.44 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,069,170K ÷ $147,670K
= 7.24
The current ratio of Warrior Met Coal Inc has demonstrated fluctuations over the past five years. The ratio peaked at 7.66 in 2022, indicating a strong ability to cover its short-term obligations with current assets. However, there was a notable decrease in 2023 to 7.24, albeit remaining at a relatively high level. This suggests that the company still maintains a comfortable liquidity position. The current ratio was the lowest in 2020 at 2.74, indicating a potential liquidity challenge, which improved in the subsequent years. Overall, Warrior Met Coal Inc has shown a generally healthy liquidity position based on its current ratio trend over the past five years.
Peer comparison
Dec 31, 2023