United States Steel Corporation (X)
Cash 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 and cash equivalents | US$ in thousands | 1,367,000 | 1,773,000 | 2,031,000 | 2,221,000 | 2,948,000 | 3,222,000 | 3,080,000 | 2,837,000 | 3,504,000 | 3,364,000 | 3,035,000 | 2,866,000 | 2,522,000 | 2,044,000 | 1,329,000 | 753,000 | 1,985,000 | 1,696,000 | 2,300,000 | 1,350,000 |
| Short-term investments | US$ in thousands | — | -32,000 | — | — | 19,000 | — | — | — | — | — | — | — | -34,000 | 628,000 | 572,000 | — | 1,177,000 | 1,286,000 | — | — |
| Total current liabilities | US$ in thousands | 3,373,000 | 3,452,000 | 3,456,000 | 3,748,000 | 3,948,000 | 3,801,000 | 4,072,000 | 4,015,000 | 3,959,000 | 4,162,000 | 4,568,000 | 4,405,000 | 3,852,000 | 4,030,000 | 4,451,000 | 3,144,000 | 2,656,000 | 2,463,000 | 2,141,000 | 2,777,000 |
| Cash ratio | 0.41 | 0.50 | 0.59 | 0.59 | 0.75 | 0.85 | 0.76 | 0.71 | 0.89 | 0.81 | 0.66 | 0.65 | 0.65 | 0.66 | 0.43 | 0.24 | 1.19 | 1.21 | 1.07 | 0.49 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,367,000K
+ $—K)
÷ $3,373,000K
= 0.41
The cash ratio of United States Steel Corporation has shown fluctuations over the reported periods, ranging from a low of 0.24 as of March 31, 2021, to a peak of 1.21 as of September 30, 2020. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
It is important to note that a cash ratio above 1 implies that a company has more cash and equivalents than short-term liabilities, suggesting a healthy financial position. On the other hand, a cash ratio below 1 may indicate potential liquidity issues if the company is not able to meet its short-term obligations with its available cash.
The trend in United States Steel Corporation's cash ratio suggests some variability in its ability to cover short-term liabilities with cash on hand. Analyzing these fluctuations in conjunction with other financial metrics can provide a more comprehensive understanding of the company's overall liquidity position and financial health.
Peer comparison
Dec 31, 2024