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