United States Steel Corporation (X)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,232,000 | 6,943,000 | 7,866,000 | 7,152,000 | 4,432,000 |
| Total current liabilities | US$ in thousands | 3,373,000 | 3,948,000 | 3,959,000 | 3,852,000 | 2,656,000 |
| Current ratio | 1.55 | 1.76 | 1.99 | 1.86 | 1.67 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,232,000K ÷ $3,373,000K
= 1.55
The current ratio of United States Steel Corporation has shown a generally positive trend over the past five years, improving from 1.67 in 2020 to 1.86 in 2021, further increasing to 1.99 in 2022. However, there was a slight decrease in the current ratio to 1.76 in 2023 and a more notable decrease to 1.55 in 2024.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a healthy sign as it suggests the ability to meet short-term obligations. In the case of United States Steel Corporation, the current ratio has mostly remained above 1 over the years, reflecting a strong liquidity position.
The slight fluctuations in the current ratio in 2023 and 2024 may warrant further investigation to understand the factors influencing the company's current asset and liability levels. Overall, the company's current ratio analysis indicates a reasonably good position in terms of liquidity management, but monitoring any significant deviations from the trend is advisable to ensure financial stability.
Peer comparison
Dec 31, 2024