Warrior Met Coal Inc (HCC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,069,170 | 1,104,200 | 1,216,070 | 1,243,580 | 1,173,110 | 1,141,560 | 1,113,620 | 839,610 | 627,201 | 479,230 | 452,060 | 477,126 | 467,483 | 502,018 | 519,320 | 564,531 | 444,046 | 462,858 | 400,776 | 466,006 |
| 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 |
| Current ratio | 7.24 | 7.67 | 9.79 | 9.74 | 7.66 | 7.01 | 7.71 | 5.39 | 5.14 | 3.57 | 3.46 | 2.96 | 2.74 | 3.60 | 3.96 | 4.25 | 3.44 | 3.08 | 3.31 | 3.84 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,069,170K ÷ $147,670K
= 7.24
Warrior Met Coal Inc's current ratio has shown a fluctuating trend over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q2 and Q1 of 2023, the current ratio was 9.79 and 9.74, respectively, indicating a strong ability to meet short-term obligations. However, in Q4 and Q3 of 2022, the current ratio was lower at 7.66 and 7.01, suggesting a potential liquidity risk.
Overall, Warrior Met Coal Inc's current ratio has generally been above 7 in most quarters, indicating a healthy liquidity position. However, monitoring the trend and understanding the underlying factors impacting the company's current assets and liabilities is crucial for a more holistic assessment of its financial health.
Peer comparison
Dec 31, 2023