Kaiser Aluminum Corporation (KALU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 976,400 | 994,900 | 1,010,500 | 1,023,100 | 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 |
| Total current liabilities | US$ in thousands | 400,600 | 382,200 | 396,400 | 384,700 | 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 |
| Current ratio | 2.44 | 2.60 | 2.55 | 2.66 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $976,400K ÷ $400,600K
= 2.44
The current ratio of Kaiser Aluminum Corporation has shown fluctuations over the past few years, ranging from a high of 7.80 in September 2020 to a low of 2.28 in June 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
Typically, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a sign of financial health. In the case of Kaiser Aluminum Corporation, its current ratio has generally been above 2 in recent years, indicating a strong ability to meet its short-term obligations.
However, the decreasing trend in the current ratio from the peak in September 2020 to the most recent figure of 2.44 in December 2024 may raise some concerns. A declining current ratio could suggest potential liquidity challenges or an imbalance between current assets and current liabilities.
It would be important for Kaiser Aluminum Corporation to closely monitor its current ratio and assess the reasons behind the fluctuations to ensure it maintains a healthy liquidity position and can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024