Metallus Inc (MTUS)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 278,100 | 280,600 | 225,400 | 221,900 | 227,400 | 257,200 | 262,500 | 238,500 | 239,900 | 259,600 | 172,000 | 115,200 | 115,700 | 102,800 | 74,800 | 75,500 | 65,600 | 27,100 | 18,400 | 20,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 112,300 | 122,500 | 155,000 |
| Cash ratio | 1.16 | 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 | 0.37 | 0.44 | 0.46 | 0.24 | 0.15 | 0.13 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($278,100K
+ $—K)
÷ $239,100K
= 1.16
The cash ratio of Metallus Inc has shown fluctuating trends over the periods provided. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
From Dec 2019 to Jun 2020, the cash ratio steadily increased from 0.15 to 0.44, indicating an improvement in the company's ability to cover its short-term liabilities with its available cash. However, in the following periods up to Dec 2021, the cash ratio fluctuated between 0.46 and 0.71, showing some inconsistencies in the company's cash position relative to its short-term obligations.
The cash ratio significantly improved in Mar 2022 to 0.97 and further increased to 1.37 in Dec 2022. This suggests that Metallus Inc had surplus cash to cover its short-term liabilities comfortably during that period. However, the cash ratio declined in subsequent periods from Mar 2023 to Mar 2024, ranging between 0.98 and 1.16.
Overall, while the cash ratio of Metallus Inc has shown some variability, it has generally remained above 1 since Dec 2022, indicating that the company has had sufficient cash on hand to meet its short-term obligations comfortably during those periods. Further monitoring of the cash ratio will be essential to assess the company's liquidity position and financial health in the future.
Peer comparison
Mar 31, 2024