Metallus Inc (MTUS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 120,000 | 113,500 | 135,800 | 133,300 | 127,100 | 81,600 | 100,100 | 159,900 | 135,100 | 100,500 | 130,100 | 121,300 | 96,300 | 63,300 | 81,200 | 63,600 | 94,900 | 77,500 | 107,400 | 146,400 |
| 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 |
| Quick ratio | 1.66 | 1.59 | 1.74 | 1.62 | 1.53 | 1.81 | 1.89 | 1.53 | 1.52 | 1.44 | 1.25 | 1.00 | 0.93 | 0.92 | 0.77 | 0.82 | 1.12 | 0.93 | 1.03 | 1.08 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($278,100K
+ $—K
+ $120,000K)
÷ $239,100K
= 1.66
The quick ratio of Metallus Inc has fluctuated over the past few quarters, ranging from 0.77 to 1.89. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
Metallus Inc's quick ratio has generally been above 1, indicating a strong ability to meet its short-term obligations without relying heavily on inventory. The ratio peaked at 1.89 in Sep 30, 2022, suggesting a particularly strong liquidity position at that time. However, there have been some periods where the quick ratio dipped below 1, such as in Jun 30, 2021 and Dec 31, 2020.
Overall, the trend in the quick ratio of Metallus Inc shows some variability but generally demonstrates a solid liquidity position, with the company being able to meet its short-term obligations comfortably using its liquid assets.
Peer comparison
Mar 31, 2024