Metallus, Inc (MTUS)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 240,700 | 254,600 | 273,400 | 278,600 | 281,300 | 225,400 | 221,900 | 227,400 | 257,800 | 263,200 | 239,500 | 239,900 | 259,600 | 172,000 | 115,200 | 115,700 | 102,800 | 74,800 | 75,500 | 65,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 6,600 | — | — |
| Total current liabilities | US$ in thousands | 281,500 | 228,200 | 195,300 | 239,100 | 248,400 | 207,000 | 219,800 | 231,000 | 186,700 | 191,900 | 260,000 | 246,200 | 250,800 | 242,500 | 235,700 | 227,100 | 181,000 | 202,900 | 169,900 | 143,400 |
| Cash ratio | 0.86 | 1.12 | 1.40 | 1.17 | 1.13 | 1.09 | 1.01 | 0.98 | 1.38 | 1.37 | 0.92 | 0.97 | 1.04 | 0.71 | 0.49 | 0.51 | 0.57 | 0.40 | 0.44 | 0.46 |
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 of Metallus, Inc has shown fluctuations over the past years, ranging from as low as 0.40 to as high as 1.40. Generally, a cash ratio below 1 indicates that the company may not have enough cash on hand to cover its short-term liabilities.
The ratio improved significantly from September 30, 2021, reaching a peak of 1.40 on June 30, 2024, suggesting that the company had more than enough cash to cover its current liabilities during that period. However, the ratio decreased to 0.86 by December 31, 2024, indicating a potential decline in the company's liquidity position.
It's important to note that a high cash ratio can sometimes be a sign of inefficient cash management, as excess cash may not be earning a return for the company. On the other hand, a low cash ratio may indicate that the company is using its cash effectively to invest in growth opportunities or pay down debt.
Overall, while the cash ratio of Metallus, Inc has shown fluctuations, it is essential for the company to strike a balance between maintaining an adequate level of cash for liquidity needs and utilizing excess cash efficiently for future growth.
Peer comparison
Dec 31, 2024