This post was originally published on this site
The company has benefited from an increased global demand for steel. SXC specializes in cokemaking, which is the process of heating coal to very high temperatures to produce a solid carbonaceous residue. Cokemaking is key in producing steel and since there is tight supply, prices remain elevated.
The firm has a current ratio of 1.6, which means that it has more than enough liquidity to handle short-term obligations. This has led to a Quality Grade of B in our POWR Ratings system. While its EBITDA is down 13% over the past year, it is expected to rise 20% over the next year.
