United States Steel Corporation (X)

Current 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
Total current assets	US$ in thousands	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	3,813,000	4,042,000	4,547,000	4,630,000
Total current liabilities	US$ in thousands	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	2,625,000	2,850,000	3,223,000	3,140,000
Current ratio		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	1.45	1.42	1.41	1.47

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,943,000K ÷ $3,948,000K
= 1.76

The current ratio of United States Steel Corp. has exhibited fluctuations over the past year. The ratio was 1.76 in Q4 2023, lower than the previous quarter but higher than Q1 and Q2 of the same year. The current ratio had been relatively stable in the range of 1.88 to 1.99 in 2022, showing slight variations. Overall, the company's current assets seem to have been sufficient to cover its current liabilities over the analyzed periods, although the fluctuations suggest potential changes in the company's liquidity position. It is important to continue monitoring this ratio to assess the company's short-term financial health.