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.
Peer comparison
Dec 31, 2023