SunCoke Energy Inc (SXC)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 140,100 | 90,000 | 63,800 | 48,400 | 97,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 88,300 | 104,800 | 77,600 | 46,300 | 61,700 |
| Total current liabilities | US$ in thousands | 223,800 | 224,000 | 182,200 | 158,900 | 194,800 |
| Quick ratio | 1.02 | 0.87 | 0.78 | 0.60 | 0.82 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($140,100K
+ $—K
+ $88,300K)
÷ $223,800K
= 1.02
The quick ratio of SunCoke Energy Inc has shown a fluctuating trend over the past five years. In 2019, the quick ratio was 0.83, indicating that the company had $0.83 of liquid assets available to cover each $1 of current liabilities. The ratio improved in 2020 to 0.65, suggesting a stronger liquidity position. Subsequently, there was a notable increase in the quick ratio to 0.80 in 2021 and a further improvement to 0.89 in 2022, reflecting an enhanced ability to meet short-term obligations.
The most recent data for 2023 shows a quick ratio of 1.05, indicating a significant strengthening of the company's liquidity position compared to previous years. This implies that SunCoke Energy Inc has $1.05 of liquid assets available for every $1 of current liabilities, demonstrating a robust ability to meet its short-term financial obligations with ease.
Overall, the increasing trend in the quick ratio suggests that SunCoke Energy Inc has been progressively improving its liquidity position over the past five years, which is a positive indicator of the company's financial health and ability to manage short-term obligations effectively.
Peer comparison
Dec 31, 2023