Metallus, Inc (MTUS)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	240,700	280,600	257,200	259,600	102,800
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	281,500	248,400	186,700	250,800	181,000
Quick ratio		0.86	1.13	1.38	1.04	0.57

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($240,700K + $—K + $—K) ÷ $281,500K
= 0.86

The quick ratio, which measures a company's ability to cover its short-term liabilities with its most liquid assets, shows varying levels for Metallus, Inc over the past five years. In December 2020, the quick ratio was 0.57, indicating that the company had less in liquid assets to cover its current liabilities. However, the ratio improved significantly in the following years, reaching 1.04 in December 2021, 1.38 in December 2022, and 1.13 in December 2023. These values suggest that the company's liquidity position strengthened over this period.

However, in December 2024, the quick ratio dropped to 0.86, signaling a potential decrease in the company's ability to meet its short-term obligations with its current liquid assets. It is essential for Metallus, Inc to closely monitor its liquidity position and ensure that it maintains a healthy balance between liquid assets and short-term liabilities to sustain its operations effectively. The fluctuation in the quick ratio over the years highlights the importance of regularly evaluating financial ratios to assess financial health.