Warrior Met Coal Inc (HCC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 491,547 | 583,158 | 709,023 | 693,858 | 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 |
| Short-term investments | US$ in thousands | 14,622 | 9,392 | 9,270 | 9,149 | 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 |
| Receivables | US$ in thousands | 141,595 | 152,627 | 182,710 | 213,400 | 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 |
| Total current liabilities | US$ in thousands | 170,430 | 167,333 | 174,337 | 163,042 | 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 |
| Quick ratio | 3.80 | 4.45 | 5.17 | 5.62 | 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 |
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 fluctuating trend over the analyzed period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Initially, the quick ratio was strong at 3.17 on March 31, 2020, indicating a healthy liquidity position. However, this ratio decreased over the following quarters, reaching a low of 1.81 on December 31, 2020. This could signify potential difficulties in meeting short-term obligations with liquid assets alone.
Subsequently, the quick ratio demonstrated a recovery trend, gradually improving to 8.46 on March 31, 2023. This significant increase indicates a substantial improvement in the company's liquidity position during this period. However, the ratio slightly decreased in the following quarters but remained above 5, indicating a strong ability to cover short-term liabilities with liquid assets.
Overall, Warrior Met Coal Inc's quick ratio indicates fluctuations in liquidity over the analyzed period, with the company demonstrating both strengths and areas for improvement in managing its short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024