SunCoke Energy Inc (SXC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 189,600 | 140,100 | 90,000 | 63,800 | 48,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 205,800 | 223,800 | 224,000 | 182,200 | 158,900 |
| Quick ratio | 0.92 | 0.63 | 0.40 | 0.35 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($189,600K
+ $—K
+ $—K)
÷ $205,800K
= 0.92
The quick ratio of SunCoke Energy Inc has been showing a positive trend over the years, indicating an improvement in the company's short-term liquidity position. In December 2020, the quick ratio stood at 0.30, which suggests that the company had limited short-term assets that could be quickly converted to cover its current liabilities. However, by December 2024, the quick ratio had increased substantially to 0.92, indicating a significant enhancement in the company's ability to meet its short-term obligations using its liquid assets. This increase in the quick ratio reflects a strengthening liquidity position for SunCoke Energy Inc, as it has a higher proportion of liquid assets relative to current liabilities, providing a buffer against any unexpected financial challenges. Overall, the upward trend in the quick ratio suggests improved financial stability and management of liquidity for the company over the analyzed period.
Peer comparison
Dec 31, 2024