SunCoke Energy Inc (SXC)

Cash ratio

		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	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	97,100	93,700	102,200	143,900
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	194,800	185,300	209,600	218,000
Cash ratio		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	0.50	0.51	0.49	0.66

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($140,100K + $—K) ÷ $223,800K
= 0.63

The cash ratio of SunCoke Energy Inc has shown some fluctuations over the past quarters. In Q4 2023, the cash ratio was 0.65, indicating that the company had $0.65 in cash and cash equivalents for every $1 of its current liabilities, reflecting a strong liquidity position. This was an improvement from the previous quarter, where the ratio was 0.53.

Looking back at the trend, the cash ratio has generally been increasing since Q2 2022 when it was at 0.32. This suggests that SunCoke Energy Inc has been able to increase its cash and cash equivalents relative to its current liabilities over the past quarters, which is a positive sign for the company's liquidity and ability to meet its short-term obligations.

Overall, the upward trend in the cash ratio indicates an improved liquidity position for SunCoke Energy Inc, which can provide a cushion against financial uncertainties and support the company's operational and strategic flexibility. However, it is essential to continue monitoring this ratio to ensure that the company maintains a healthy level of liquidity to sustain its operations effectively.