Koppers Holdings Inc (KOP)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 43,900 | 66,500 | 33,300 | 45,500 | 38,500 |
| Short-term investments | US$ in thousands | — | 2,800 | — | — | — |
| Total current liabilities | US$ in thousands | 325,800 | 325,900 | 324,000 | 285,700 | 292,100 |
| Cash ratio | 0.13 | 0.21 | 0.10 | 0.16 | 0.13 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($43,900K
+ $—K)
÷ $325,800K
= 0.13
The cash ratio of Koppers Holdings Inc has shown fluctuations over the past five years. In December 31, 2020, the cash ratio was 0.13, indicating that for every dollar of current liabilities, the company had $0.13 in cash and cash equivalents. The ratio improved to 0.16 by December 31, 2021, suggesting a better ability to cover short-term obligations with cash on hand.
However, there was a decrease in the cash ratio to 0.10 by December 31, 2022, which may raise concerns about the company's liquidity position. The ratio then increased significantly to 0.21 by December 31, 2023, indicating a stronger ability to meet short-term obligations with cash resources.
By December 31, 2024, the cash ratio reverted back to 0.13, similar to the level observed in 2020. Overall, the trend in the cash ratio reflects some variability in Koppers Holdings Inc's liquidity position, with improvements and declines observed over the five-year period. It is important for the company to closely monitor its cash position and ensure sufficient liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024