United States Steel Corporation (X)

Quick 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
Cash	US$ in thousands	1,367,000	1,773,000	2,031,000	2,221,000	2,948,000	3,222,000	3,080,000	2,837,000	3,504,000	3,364,000	3,035,000	2,866,000	2,522,000	2,044,000	1,329,000	753,000	1,985,000	1,696,000	2,300,000	1,350,000
Short-term investments	US$ in thousands	—	-32,000	—	—	19,000	—	—	—	—	—	—	—	-34,000	628,000	572,000	—	1,177,000	1,286,000	—	—
Receivables	US$ in thousands	-26,000	-40,000	-40,000	-39,000	-38,000	-39,000	-40,000	-38,000	1,635,000	2,035,000	2,602,000	2,415,000	2,089,000	2,403,000	2,010,000	1,619,000	994,000	1,099,000	939,000	1,172,000
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
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

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 displayed fluctuations over the reporting periods, ranging from 0.40 to 1.66. The quick ratio represents the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 signifies a strong ability to cover immediate obligations.

The quick ratio saw a significant improvement from March 31, 2020, where it stood at 0.91, to September 30, 2020, where it increased to 1.66, indicating a healthier liquidity position. However, the ratio declined in subsequent periods, dropping to its lowest point of 0.40 by December 31, 2024, which may raise concerns about the company's short-term liquidity.

Overall, the trend of the quick ratio suggests that United States Steel Corporation experienced fluctuations in its ability to cover short-term obligations with its liquid assets during the analyzed periods. It is important for the company to closely monitor its liquidity position and ensure that it maintains a healthy quick ratio to support its financial stability.