Kaiser Aluminum Corporation (KALU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 990,200 | 984,400 | 996,600 | 1,059,900 | 1,042,600 | 1,127,700 | 1,245,900 | 1,321,400 | 1,205,400 | 1,223,300 | 1,200,600 | 930,800 | 1,121,400 | 1,109,600 | 1,107,700 | 806,400 | 779,800 | 668,600 | 649,700 | 671,100 |
| 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 |
| Current ratio | 2.68 | 2.68 | 2.81 | 2.61 | 2.49 | 2.41 | 2.28 | 2.38 | 2.64 | 2.75 | 2.73 | 2.66 | 7.08 | 7.80 | 7.37 | 4.05 | 4.58 | 3.80 | 3.63 | 3.29 |
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 a generally positive trend over the past eight quarters. The company's current ratio has consistently remained above 2, indicating a strong ability to meet its short-term financial obligations with its current assets.
The current ratio peaked at 2.81 in Q2 2023 before slightly decreasing to 2.68 in Q3 and maintaining the same level in Q4. This indicates that the company had $2.68 in current assets for every dollar of current liabilities during these quarters.
Overall, the company's current ratio has shown stability and remained above the industry average, suggesting that Kaiser Aluminum Corp is in a strong financial position with ample liquidity to cover its short-term obligations.
Peer comparison
Dec 31, 2023