SunCoke Energy Inc (SXC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 189,600 | 164,700 | 81,900 | 120,100 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 205,800 | 205,200 | 202,000 | 209,800 | 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 |
| Quick ratio | 0.92 | 0.80 | 0.41 | 0.57 | 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 |
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 shown fluctuations over the past few years, ranging from a low of 0.27 as of September 30, 2022, to a high of 0.92 as of December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
A quick ratio below 1 may indicate potential liquidity concerns, as it suggests that the company may not be able to easily cover its current liabilities with its quick assets alone. SunCoke Energy Inc experienced a declining trend in its quick ratio from June 30, 2020, to December 31, 2021, reaching its lowest point of 0.30. This downward trend could raise concerns about the company's ability to meet its short-term obligations during that period.
However, there has been a gradual improvement in the quick ratio starting from March 31, 2022, reaching 0.92 as of December 31, 2024. This indicates a stronger liquidity position, as the company's quick assets have increased relative to its current liabilities.
Overall, it is essential for SunCoke Energy Inc to maintain a healthy quick ratio above 1 to ensure that it can easily cover its short-term liabilities without relying heavily on inventory. Monitoring the trend of the quick ratio over time will provide valuable insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024