United States Steel Corporation (X)

Liquidity ratios

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
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
Quick ratio 0.40 0.49 0.58 0.58 0.74 0.84 0.75 0.70 1.30 1.30 1.23 1.20 1.19 1.26 0.88 0.75 1.56 1.66 1.51 0.91
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

The current ratio for United States Steel Corporation has fluctuated over the past few years, ranging from a low of 1.27 to a high of 2.30. This ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities. The trend in the current ratio shows some variability, but there is an overall improvement in recent periods.

The quick ratio, which excludes inventory from current assets, provides a more stringent measure of liquidity. For United States Steel Corporation, the quick ratio has also shown variation, with values ranging from 0.40 to 1.66. A quick ratio above 1 indicates that the company can meet its short-term obligations without relying on the sale of inventory. The trend in the quick ratio mirrors that of the current ratio, with fluctuations but an overall improving trend in recent periods.

The cash ratio, which considers only cash and cash equivalents in relation to current liabilities, has ranged from 0.24 to 1.21 for United States Steel Corporation. This ratio indicates the company's immediate ability to settle its short-term liabilities with cash on hand. The cash ratio has fluctuated over time but generally improved in the most recent periods.

Overall, the liquidity ratios of United States Steel Corporation demonstrate some volatility but show an improving trend in recent periods, indicating the company's increasing ability to meet its short-term obligations with its current assets and cash reserves.

See also:

United States Steel Corporation Liquidity Ratios (Quarterly Data)

Additional liquidity measure

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 conversion cycle days 54.45 48.68 46.95 48.52 47.10 51.34 54.92 52.83 77.68 108.03 125.88 122.18 110.26 107.39 112.89 116.62 87.20 87.19 83.81 96.26

The cash conversion cycle of United States Steel Corporation has shown some fluctuations over the periods provided, ranging from a high of 125.88 days on June 30, 2022, to a low of 46.95 days on June 30, 2024. Generally, a shorter cash conversion cycle indicates that the company is able to efficiently convert its investments in inventory and other resources into cash receipts from sales.

On June 30, 2024, the cash conversion cycle decreased significantly to 46.95 days, suggesting that the company may have improved its management of working capital, inventory turnover, and collection of accounts receivable. This could be a positive sign for the company’s liquidity and operational efficiency.

However, it's important to note that the cash conversion cycle increased again to 54.45 days on December 31, 2024. This increase could be due to various factors such as changes in sales patterns, inventory management practices, or customer payment terms.

Overall, monitoring the cash conversion cycle over time can provide insights into the company's operational efficiency and liquidity management. A lower cash conversion cycle generally indicates better cash flow management and working capital efficiency, which are essential for sustained business operations and growth.