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.