Kaiser Aluminum Corporation (KALU)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 18,400 | 82,400 | 57,400 | 303,200 | 780,300 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 |
| Total current liabilities | US$ in thousands | 400,600 | 370,000 | 418,700 | 456,700 | 158,300 |
| Cash ratio | 0.05 | 0.22 | 0.14 | 0.66 | 4.93 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($18,400K
+ $—K)
÷ $400,600K
= 0.05
The cash ratio of Kaiser Aluminum Corporation has displayed a downward trend over the past five years, starting at 4.93 on December 31, 2020, and decreasing to 0.05 by December 31, 2024. This indicates a significant decrease in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. The decreasing trend could suggest potential liquidity challenges or a shift in the company's cash management strategies. It is essential for Kaiser Aluminum Corporation to closely monitor its cash position and liquidity to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024