Warrior Met Coal Inc (HCC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 491,547 | 738,197 | 829,480 | 395,839 | 211,916 |
| Short-term investments | US$ in thousands | 14,622 | 9,030 | 8,608 | 8,505 | 8,504 |
| Receivables | US$ in thousands | 141,595 | 110,437 | 155,463 | 130,141 | 88,440 |
| Total current liabilities | US$ in thousands | 170,430 | 147,670 | 153,124 | 122,128 | 170,318 |
| Quick ratio | 3.80 | 5.81 | 6.49 | 4.38 | 1.81 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($491,547K
+ $14,622K
+ $141,595K)
÷ $170,430K
= 3.80
The quick ratio of Warrior Met Coal Inc has shown a positive trend over the past five years. Starting at 1.81 in December 31, 2020, the quick ratio has consistently increased reaching 4.38 in December 31, 2021, 6.49 in December 31, 2022, 5.81 in December 31, 2023, and then decreased slightly to 3.80 by December 31, 2024.
These figures indicate that the company has significantly improved its ability to meet short-term obligations with quick assets, suggesting a strong liquidity position. The quick ratio exceeding 1 indicates that Warrior Met Coal Inc has an adequate level of liquid assets to cover its current liabilities, which is a positive sign for creditors and investors.
Overall, the increasing trend in the quick ratio over the years demonstrates the company's ability to manage its short-term liquidity effectively and suggests a healthy financial position.
Peer comparison
Dec 31, 2024