SunCoke Energy Inc (SXC)
Cash 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 and cash equivalents | US$ in thousands | 189,600 | 164,700 | 81,900 | 120,100 | 140,100 | 125,900 | 78,200 | 83,300 | 90,000 | 59,300 | 63,400 | 79,700 | 63,800 | 54,600 | 51,700 | 54,000 | 48,400 | 86,000 | 81,100 | 235,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 205,800 | 205,200 | 202,000 | 209,800 | 223,800 | 250,900 | 222,500 | 231,800 | 224,000 | 219,900 | 215,600 | 230,200 | 182,200 | 182,500 | 162,500 | 168,200 | 158,900 | 155,600 | 119,700 | 169,000 |
| Cash ratio | 0.92 | 0.80 | 0.41 | 0.57 | 0.63 | 0.50 | 0.35 | 0.36 | 0.40 | 0.27 | 0.29 | 0.35 | 0.35 | 0.30 | 0.32 | 0.32 | 0.30 | 0.55 | 0.68 | 1.40 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($189,600K
+ $—K)
÷ $205,800K
= 0.92
The cash ratio of SunCoke Energy Inc has shown fluctuations over the reporting periods. Starting at 1.40 on March 31, 2020, the ratio decreased to 0.68 on June 30, 2020, indicating a decline in the company's ability to cover its short-term liabilities with current cash on hand. Subsequently, the cash ratio continued to decrease, reaching its lowest point of 0.27 on September 30, 2022, which could raise concerns about liquidity risk.
However, from that point onwards, there was an improvement in the cash position of the company, with the cash ratio gradually increasing to 0.92 on December 31, 2024. This upward trend suggests that SunCoke Energy Inc enhanced its ability to meet its short-term obligations with available cash in the latter part of the reporting period.
Overall, while the company faced challenges in maintaining a strong cash position during certain periods, the gradual increase in the cash ratio towards the end of the reporting period signifies an improvement in liquidity management. This indicates a potential strengthening of the company's financial position and ability to meet its short-term obligations with available cash resources.
Peer comparison
Dec 31, 2024