Metallus, Inc (MTUS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 240,700 | 280,600 | 257,200 | 259,600 | 102,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 281,500 | 248,400 | 186,700 | 250,800 | 181,000 |
| Cash ratio | 0.86 | 1.13 | 1.38 | 1.04 | 0.57 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($240,700K
+ $—K)
÷ $281,500K
= 0.86
The cash ratio for Metallus, Inc has shown fluctuations over the past five years. In December 2020, the cash ratio was 0.57, indicating that the company had only 57 cents in cash and cash equivalents for every dollar of current liabilities.
However, by December 2022, the cash ratio had improved significantly to 1.38, suggesting that the company had increased its liquidity position and could cover its short-term obligations more comfortably with $1.38 in cash for every dollar of current liabilities.
In the following year, December 2023, the cash ratio declined slightly to 1.13. While still above 1, the decrease indicates that the company may have used some of its cash reserves to fund operations or investments.
By December 2024, the cash ratio had decreased further to 0.86, signaling a potential decrease in liquidity compared to the previous year. This could raise concerns about the company's ability to meet its short-term financial obligations using its available cash resources.
Overall, the trend in Metallus, Inc's cash ratio suggests varying levels of liquidity over the years, with improvements in some periods and declines in others. Monitoring this ratio is crucial for assessing the company's ability to manage its short-term liquidity needs effectively.
Peer comparison
Dec 31, 2024