Warrior Met Coal Inc (HCC)
Quick 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 | 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 |
| Receivables | US$ in thousands | 110,437 | 268,124 | 207,532 | 208,629 | 155,463 | 215,172 | 295,003 | 260,477 | 130,141 | 73,270 | 65,158 | 76,120 | 88,440 | 81,417 | 101,283 | 155,800 | 114,243 | 120,181 | 171,489 | 204,038 |
| 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 |
| Quick ratio | 5.81 | 6.70 | 8.41 | 8.46 | 6.49 | 5.95 | 6.56 | 4.52 | 4.38 | 2.61 | 2.61 | 1.90 | 1.81 | 2.20 | 2.52 | 3.17 | 2.50 | 2.35 | 2.52 | 3.10 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($738,197K
+ $9,030K
+ $110,437K)
÷ $147,670K
= 5.81
The quick ratio of Warrior Met Coal Inc has shown fluctuations over the past eight quarters, ranging from 4.68 to 8.72. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
In Q4 2023, the quick ratio stood at 5.99, which indicates that the company had $5.99 in liquid assets for every $1 of current liabilities. This was a decrease from the previous quarter's quick ratio of 6.91. Despite the decrease, the company still maintained a healthy ratio above 1, reflecting its ability to cover short-term obligations effectively.
In comparison to the previous quarters, the quick ratio for Q4 2023 was lower than the peak quick ratio of 8.72 in Q1 2023. However, it was higher than the lowest quick ratio of 4.68 in Q1 2022. This suggests that the company may have reduced its liquidity slightly but still remains in a strong position to meet its short-term obligations.
Overall, the trend in Warrior Met Coal Inc's quick ratio indicates that the company has generally maintained a strong liquidity position over the past eight quarters, which is a positive indicator of its financial health in the short term.
Peer comparison
Dec 31, 2023