Koppers Holdings Inc (KOP)
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 | 699,000 | 699,500 | 713,500 | 710,600 | 636,800 | 608,800 | 641,400 | 684,200 | 628,100 | 614,200 | 609,800 | 609,000 | 564,500 | 539,000 | 573,100 | 604,900 | 519,500 | 517,600 | 557,400 | 543,300 |
| 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 |
| Current ratio | 2.14 | 2.24 | 2.43 | 2.25 | 1.97 | 2.07 | 2.11 | 2.28 | 2.20 | 2.30 | 2.30 | 2.28 | 1.93 | 1.99 | 1.96 | 1.87 | 1.75 | 1.96 | 2.01 | 1.97 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $699,000K ÷ $325,900K
= 2.14
Koppers Holdings Inc's current ratio has shown a generally increasing trend over the quarters in 2022 and 2023, indicating a strengthening liquidity position. As of Q4 2023, the current ratio stood at 2.14. This ratio suggests that the company's current assets are more than twice its current liabilities, reflecting a healthy ability to cover short-term obligations. The highest current ratio in the provided period was 2.43 in Q2 2023, indicating a peak level of liquidity relative to the other quarters. Conversely, the lowest ratio was 1.97 in Q4 2022, although it still remained above the industry benchmark of 2. Overall, the consistent improvement in the current ratio signifies efficient management of current assets and liabilities by Koppers Holdings Inc.
Peer comparison
Dec 31, 2023