Kaiser Aluminum Corporation (KALU)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 990,200 | 1,042,600 | 1,205,400 | 1,121,400 | 779,800 |
| Total current liabilities | US$ in thousands | 370,000 | 418,700 | 456,700 | 158,300 | 170,400 |
| Current ratio | 2.68 | 2.49 | 2.64 | 7.08 | 4.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $990,200K ÷ $370,000K
= 2.68
The current ratio of Kaiser Aluminum Corp has exhibited some fluctuations over the past five years. As of December 31, 2023, the current ratio stood at 2.68, indicating that the company had $2.68 in current assets for every $1 in current liabilities. This ratio has improved compared to the prior year, where it was 2.49.
In 2021, Kaiser Aluminum Corp had a current ratio of 2.64, which was slightly lower than the current ratio in 2023. However, there was a significant increase in the current ratio in 2020, reaching 7.08, before decreasing in 2019 to 4.58.
Overall, the current ratio of Kaiser Aluminum Corp has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities in each of the past five years. The fluctuations in the current ratio may reflect changes in the company's liquidity position, with the ratio gradually improving in the most recent years.
Peer comparison
Dec 31, 2023