Kaiser Aluminum Corporation (KALU)
Cash 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 and cash equivalents | US$ in thousands | 82,400 | 44,600 | 19,800 | 31,500 | 57,400 | 129,300 | 235,200 | 261,000 | 303,200 | 295,700 | 283,100 | 128,000 | 780,300 | 750,100 | 710,600 | 307,200 | 264,300 | 172,100 | 122,400 | 115,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 39,300 | 78,700 | 25,300 | 24,400 | 22,300 |
| Total current liabilities | US$ in thousands | 370,000 | 367,000 | 354,700 | 405,900 | 418,700 | 468,200 | 547,500 | 554,600 | 456,700 | 444,800 | 439,500 | 350,400 | 158,300 | 142,200 | 150,400 | 199,100 | 170,400 | 175,800 | 178,900 | 204,200 |
| Cash ratio | 0.22 | 0.12 | 0.06 | 0.08 | 0.14 | 0.28 | 0.43 | 0.47 | 0.66 | 0.66 | 0.64 | 0.37 | 4.93 | 5.27 | 4.72 | 1.74 | 2.01 | 1.12 | 0.82 | 0.67 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($82,400K
+ $—K)
÷ $370,000K
= 0.22
The cash ratio of Kaiser Aluminum Corp has shown fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q1 2022, the cash ratio was at its highest point at 0.73, indicating that the company had a strong ability to cover its short-term obligations with its cash reserves. However, the ratio declined in the following quarters, reaching its lowest point at 0.28 in Q1 2023.
The significant decrease in the cash ratio from Q1 2022 to Q1 2023 suggests a potential decrease in the company's liquidity position. A declining cash ratio could indicate that Kaiser Aluminum Corp may be facing challenges in meeting its short-term obligations using its available cash and cash equivalents.
It is important for investors and stakeholders to monitor the company's cash ratio closely to assess its liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023