SunCoke Energy Inc (SXC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 416,800 | 374,000 | 271,900 | 229,700 | 308,300 |
| Total current liabilities | US$ in thousands | 223,800 | 224,000 | 182,200 | 158,900 | 194,800 |
| Current ratio | 1.86 | 1.67 | 1.49 | 1.45 | 1.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $416,800K ÷ $223,800K
= 1.86
The current ratio of SunCoke Energy Inc has exhibited a generally increasing trend over the past five years, indicating an improving liquidity position. At the end of 2023, the current ratio stood at 1.86, reflecting the company's ability to meet its short-term obligations using its current assets. This ratio has gradually increased from 1.58 in 2019, suggesting strengthening liquidity management and potentially reduced liquidity risk. However, it is important to note that a current ratio of around 1.86 may indicate that the company has limited excess current assets beyond its current liabilities. Overall, the upward trend in the current ratio indicates an enhanced ability to cover short-term obligations, which may be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2023