United States Steel Corporation (X)

Current 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
Total current assets	US$ in thousands	5,232,000	5,766,000	5,950,000	6,421,000	6,943,000	7,395,000	7,835,000	7,548,000	7,866,000	8,452,000	9,035,000	8,380,000	7,152,000	6,799,000	5,638,000	4,250,000	4,432,000	4,244,000	4,924,000	4,686,000
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
Current ratio		1.55	1.67	1.72	1.71	1.76	1.95	1.92	1.88	1.99	2.03	1.98	1.90	1.86	1.69	1.27	1.35	1.67	1.72	2.30	1.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,232,000K ÷ $3,373,000K
= 1.55

United States Steel Corporation's current ratio has shown some fluctuations over the specified periods. The current ratio is a measure of a company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to June 30, 2022, the current ratio generally increased, indicating an improvement in the company's short-term liquidity position. This upward trend peaked at 2.03 on September 30, 2022. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign.

However, from March 31, 2023, to December 31, 2024, the current ratio experienced a declining trend, with some fluctuations along the way. The ratio dropped to 1.55 on December 31, 2024, which may raise concerns about the company's ability to cover its short-term obligations with its current assets.

Overall, while the company displayed improved short-term liquidity in the mid-2020s, the recent downward trend in the current ratio suggests that United States Steel Corporation may be facing challenges in managing its short-term obligations effectively. Investors, creditors, and other stakeholders should closely monitor these fluctuations to assess the company's financial health.