Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
United States Steel Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | United States Steel Corp. current ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | United States Steel Corp. quick ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | United States Steel Corp. cash ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
Current Ratio
United States Steel Corp., current ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 7,835) | 7,548) | 7,866) | 8,452) | 9,035) | 8,380) | 7,152) | 6,799) | 5,638) | 4,250) | 4,432) | 4,244) | 4,924) | 4,686) | 3,813) | 4,042) | 4,547) | 4,630) | 4,830) | 5,068) | 4,812) | 4,830) | |||||||
| Current liabilities | 4,072) | 4,015) | 3,959) | 4,162) | 4,568) | 4,405) | 3,852) | 4,030) | 4,451) | 3,144) | 2,656) | 2,463) | 2,141) | 2,777) | 2,625) | 2,850) | 3,223) | 3,140) | 3,197) | 3,136) | 2,902) | 2,959) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 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 | 1.51 | 1.62 | 1.66 | 1.63 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 2.94 | 2.79 | 2.46 | 2.56 | 2.73 | 2.37 | 2.52 | 2.50 | 2.28 | 2.35 | 2.72 | 2.61 | 2.46 | 2.34 | 2.47 | 2.47 | 2.66 | 2.79 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,835 ÷ 4,072 = 1.92
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | United States Steel Corp. current ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
Quick Ratio
United States Steel Corp., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,080) | 2,837) | 3,504) | 3,364) | 3,035) | 2,866) | 2,522) | 2,044) | 1,329) | 753) | 1,985) | 1,696) | 2,300) | 1,350) | 749) | 476) | 651) | 676) | 1,000) | 1,344) | 1,231) | 1,372) | |||||||
| Receivables, less allowance | 1,698) | 1,649) | 1,485) | 1,859) | 2,428) | 2,267) | 1,968) | 2,275) | 1,903) | 1,517) | 914) | 996) | 879) | 1,085) | 956) | 1,183) | 1,420) | 1,489) | 1,435) | 1,463) | 1,430) | 1,347) | |||||||
| Receivables from related parties | 166) | 159) | 150) | 176) | 174) | 148) | 121) | 128) | 107) | 102) | 80) | 103) | 60) | 87) | 221) | 217) | 218) | 240) | 224) | 210) | 226) | 219) | |||||||
| Total quick assets | 4,944) | 4,645) | 5,139) | 5,399) | 5,637) | 5,281) | 4,611) | 4,447) | 3,339) | 2,372) | 2,979) | 2,795) | 3,239) | 2,522) | 1,926) | 1,876) | 2,289) | 2,405) | 2,659) | 3,017) | 2,887) | 2,938) | |||||||
| Current liabilities | 4,072) | 4,015) | 3,959) | 4,162) | 4,568) | 4,405) | 3,852) | 4,030) | 4,451) | 3,144) | 2,656) | 2,463) | 2,141) | 2,777) | 2,625) | 2,850) | 3,223) | 3,140) | 3,197) | 3,136) | 2,902) | 2,959) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 1.21 | 1.16 | 1.30 | 1.30 | 1.23 | 1.20 | 1.20 | 1.10 | 0.75 | 0.75 | 1.12 | 1.13 | 1.51 | 0.91 | 0.73 | 0.66 | 0.71 | 0.77 | 0.83 | 0.96 | 0.99 | 0.99 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 1.62 | 1.62 | 1.57 | 1.65 | 1.84 | 1.60 | 1.66 | 1.66 | 1.45 | 1.38 | 1.48 | 1.21 | 0.97 | 0.86 | 0.99 | 0.96 | 1.09 | 1.24 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,944 ÷ 4,072 = 1.21
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | United States Steel Corp. quick ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
Cash Ratio
United States Steel Corp., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,080) | 2,837) | 3,504) | 3,364) | 3,035) | 2,866) | 2,522) | 2,044) | 1,329) | 753) | 1,985) | 1,696) | 2,300) | 1,350) | 749) | 476) | 651) | 676) | 1,000) | 1,344) | 1,231) | 1,372) | |||||||
| Total cash assets | 3,080) | 2,837) | 3,504) | 3,364) | 3,035) | 2,866) | 2,522) | 2,044) | 1,329) | 753) | 1,985) | 1,696) | 2,300) | 1,350) | 749) | 476) | 651) | 676) | 1,000) | 1,344) | 1,231) | 1,372) | |||||||
| Current liabilities | 4,072) | 4,015) | 3,959) | 4,162) | 4,568) | 4,405) | 3,852) | 4,030) | 4,451) | 3,144) | 2,656) | 2,463) | 2,141) | 2,777) | 2,625) | 2,850) | 3,223) | 3,140) | 3,197) | 3,136) | 2,902) | 2,959) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 0.76 | 0.71 | 0.89 | 0.81 | 0.66 | 0.65 | 0.65 | 0.51 | 0.30 | 0.24 | 0.75 | 0.69 | 1.07 | 0.49 | 0.29 | 0.17 | 0.20 | 0.22 | 0.31 | 0.43 | 0.42 | 0.46 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 1.40 | 1.30 | 1.28 | 1.43 | 1.60 | 1.29 | 1.37 | 1.39 | 1.14 | 0.99 | 1.07 | 0.78 | 0.50 | 0.51 | 0.63 | 0.66 | 0.80 | 0.87 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,080 ÷ 4,072 = 0.76
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | United States Steel Corp. cash ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |