Koppers Holdings Inc (KOP)
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 | 66,500 | 53,500 | 48,200 | 46,400 | 33,300 | 42,800 | 40,400 | 49,200 | 45,500 | 44,900 | 46,500 | 44,200 | 38,500 | 39,500 | 33,000 | 54,200 | 32,300 | 30,800 | 38,100 | 32,800 |
| Short-term investments | US$ in thousands | — | 4,200 | — | — | — | — | — | — | -2,300 | — | — | — | — | — | — | — | 700 | 9,900 | 4,000 | 5,300 |
| Total current liabilities | US$ in thousands | 325,900 | 312,900 | 294,100 | 316,000 | 324,000 | 293,800 | 303,300 | 299,800 | 285,700 | 266,800 | 265,200 | 266,900 | 292,100 | 271,500 | 292,800 | 322,800 | 296,200 | 264,100 | 277,000 | 276,400 |
| Cash ratio | 0.20 | 0.18 | 0.16 | 0.15 | 0.10 | 0.15 | 0.13 | 0.16 | 0.15 | 0.17 | 0.18 | 0.17 | 0.13 | 0.15 | 0.11 | 0.17 | 0.11 | 0.15 | 0.15 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,500K
+ $—K)
÷ $325,900K
= 0.20
The cash ratio for Koppers Holdings Inc has shown some fluctuation over the past eight quarters. The ratio has ranged from 0.20 to 0.44, with Q4 2022 recording the lowest value of 0.20 and Q1 2022 recording the highest value of 0.44. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Overall, the trend in Koppers Holdings Inc's cash ratio has been relatively stable, hovering around the range of 0.28 to 0.24 in the recent quarters. This indicates that the company has been maintaining a healthy level of cash on hand compared to its short-term liabilities. However, there was a slight improvement in the cash ratio in Q4 2023, reaching 0.31, which suggests a relatively stronger liquidity position for the company in the most recent quarter compared to the previous quarters.
It would be important for stakeholders to continue monitoring Koppers Holdings Inc's cash ratio to ensure that the company maintains sufficient liquidity to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023