United States Steel Corporation (X)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,367,000 | 2,948,000 | 3,504,000 | 2,522,000 | 1,985,000 |
| Short-term investments | US$ in thousands | — | -32,000 | — | -34,000 | 1,177,000 |
| Receivables | US$ in thousands | -26,000 | -38,000 | 1,635,000 | 2,089,000 | 994,000 |
| Total current liabilities | US$ in thousands | 3,373,000 | 3,948,000 | 3,959,000 | 3,852,000 | 2,656,000 |
| Quick ratio | 0.40 | 0.73 | 1.30 | 1.19 | 1.56 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,367,000K
+ $—K
+ $-26,000K)
÷ $3,373,000K
= 0.40
The quick ratio of United States Steel Corporation has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at a healthy 1.56, indicating that the company had $1.56 in liquid assets to cover each $1 of its current liabilities. However, by December 31, 2021, the quick ratio decreased to 1.19, suggesting a slight reduction in the company's ability to meet its short-term obligations using its most liquid assets.
In December 2022, the quick ratio improved to 1.30, indicating a better liquidity position compared to the previous year. However, there was a significant decline in the quick ratio by December 31, 2023, dropping to 0.73. This decline could raise concerns about the company's ability to cover its short-term liabilities with its quick assets.
The most recent data available for December 31, 2024, shows a quick ratio of 0.40, which is significantly lower than the previous years. This indicates a potential liquidity challenge for United States Steel Corporation in the most recent period, as its quick assets may not be sufficient to cover its immediate financial obligations.
Overall, the trend in the quick ratio suggests that United States Steel Corporation's liquidity position has shown variability over the analyzed period, with a notable decline in the most recent year, which may warrant further investigation into the company's financial health and liquidity management strategies.
Peer comparison
Dec 31, 2024