Metallus, Inc (MTUS)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	587,300	656,800	556,600	582,300	357,600
Total current liabilities	US$ in thousands	281,500	248,400	186,700	250,800	181,000
Current ratio		2.09	2.64	2.98	2.32	1.98

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $587,300K ÷ $281,500K
= 2.09

The current ratio of Metallus, Inc has shown a generally increasing trend over the past five years, starting at 1.98 in December 31, 2020, and reaching its peak at 2.98 in December 31, 2022. This indicates that the company has been improving its ability to cover its short-term obligations with its current assets during this period. However, there was a slight decrease in the current ratio to 2.64 in December 31, 2023, followed by a further decline to 2.09 in December 31, 2024.

While the current ratio still remains above 1, indicating that the company has more than enough current assets to cover its current liabilities, the decreasing trend in the most recent years may suggest potential liquidity challenges. It would be important for stakeholders to monitor this ratio closely in the coming periods to ensure the company's short-term financial health.