Metallus, Inc (MTUS)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 240,700 | 254,600 | 273,400 | 278,600 | 281,300 | 225,400 | 221,900 | 227,400 | 257,800 | 263,200 | 239,500 | 239,900 | 259,600 | 172,000 | 115,200 | 115,700 | 102,800 | 74,800 | 75,500 | 65,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 6,600 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 281,500 | 228,200 | 195,300 | 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 |
| Quick ratio | 0.86 | 1.12 | 1.40 | 1.17 | 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 | 0.40 | 0.44 | 0.46 |
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 of Metallus, Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio is a measure of a company's ability to meet its short-term obligations using its most liquid assets.
Initially, the quick ratio was relatively low, ranging from 0.40 to 0.57 from September 2020 to December 2020. This suggests that the company may have had difficulty paying off its current liabilities with its quick assets alone during that period.
However, from March 2021 to June 2022, the quick ratio improved, indicating a better ability to cover short-term liabilities with quick assets. The quick ratio increased steadily, reaching a peak of 1.40 on June 30, 2024, which suggests a strong liquidity position.
Despite the subsequent decrease to 0.86 by December 31, 2024, the quick ratio remained above 1 for most of the latter half of the period, indicating that Metallus, Inc had more than enough liquid assets to cover its short-term liabilities.
Overall, the trend in the quick ratio of Metallus, Inc reflects improved liquidity and the ability to meet short-term obligations with its quick assets, with some fluctuations noted throughout the period.
Peer comparison
Dec 31, 2024