Metallus Inc (MTUS)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	656,800	556,600	582,300	357,600	401,700
Total current liabilities	US$ in thousands	248,400	186,700	250,800	181,000	112,300
Current ratio		2.64	2.98	2.32	1.98	3.58

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $656,800K ÷ $248,400K
= 2.64

Metallus Inc's current ratio has displayed some fluctuations over the past five years. The ratio stood at 2.64 as of December 31, 2023, indicating that the company had $2.64 in current assets for every dollar of current liabilities. Comparing this to the previous year, the current ratio has decreased from 2.98 in 2022 to 2.64 in 2023.

While a current ratio above 1 suggests that Metallus Inc is able to meet its short-term obligations with its current assets, the decreasing trend since 2022 may raise concerns about the company's liquidity position. A lower current ratio could indicate potential difficulties in paying off short-term debts as they become due.

It is important for stakeholders to monitor Metallus Inc's current ratio closely and investigate the underlying reasons for the decline to assess the company's ability to manage its short-term financial obligations effectively.