Warrior Met Coal has a Cash Ratio of 3.54. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Warrior Met Coal's Cash Ratio or its related term are showing as below:
HCC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.45 Med: 2.08 Max: 6.82
Current: 3.54
During the past 9 years, Warrior Met Coal's highest Cash Ratio was 6.82. The lowest was 0.45. And the median was 2.08.
HCC's Cash Ratio is ranked better than 94.7% of 604
companies
in the Steel industry
Industry Median: 0.26
vs HCC: 3.54
Warrior Met Coal Cash Ratio Historical Data
The historical data trend for Warrior Met Coal's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Warrior Met Coal's Cash Ratio
For the Coking Coal subindustry, Warrior Met Coal's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Warrior Met Coal's Cash Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Warrior Met Coal's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Warrior Met Coal's Cash Ratio falls into.
Warrior Met Coal Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Warrior Met Coal's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Warrior Met Coal (NYSE:HCC) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Warrior Met Coal Cash Ratio Related Terms
Thank you for viewing the detailed overview of Warrior Met Coal's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Warrior Met Coal Inc is a U.S based company. It produces and exports of met coal that operates underground mines in Alabama. The company sells to steels manufacturers in Europe, Asia, and South America. Its mining operations consist of two underground met coal mines in Southern Appalachia's coal seam and other surface met and thermal coal mines. The Company generates ancillary revenues from the sale of natural gas extracted as a byproduct from the underground coal mines and royalty revenues from leased properties.
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