SunCoke Energy Inc (SXC)

Quick ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	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	97,100	93,700	102,200	143,900
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	88,300	81,500	96,900	81,200	104,800	118,700	108,100	99,500	77,600	60,100	49,500	45,800	46,300	46,800	49,500	55,400	61,700	62,700	98,900	86,300
Total current liabilities	US$ in thousands	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	194,800	185,300	209,600	218,000
Quick ratio		1.02	0.83	0.79	0.71	0.87	0.81	0.80	0.78	0.78	0.63	0.62	0.59	0.60	0.85	1.09	1.72	0.82	0.84	0.96	1.06

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 fluctuated over the past eight quarters, ranging from a low of 0.75 in Q1 2023 to a high of 1.05 in Q4 2023. Generally, the quick ratio has stayed above 1, indicating that the company has had an adequate level of liquid assets to cover its current liabilities.

There was a notable improvement in the quick ratio from Q1 2023 to Q4 2023, suggesting that the company may have increased its ability to meet short-term obligations without relying heavily on inventory. However, it is worth noting that there was a slight dip in Q2 and Q3 2023, which could signal potential liquidity challenges during those periods.

Overall, SunCoke Energy Inc's quick ratio performance indicates a relatively stable liquidity position, but investors and analysts should continue to monitor the trend to ensure the company maintains a healthy balance between liquid assets and current liabilities.