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Why Does U.S. Steel Have So Much Cash on Its Balance Sheet?

Why Does U.S. Steel Have So Much Cash on Its Balance Sheet?

ArcelorMittal (MT) has a current ratio of 1.25, based on its 4Q17 financial data. You can define the current ratio as current assets divided by current liabilities. U.S. Steel Corporation (X) has a current ratio of 1.75, while AK Steel’s (AKS) current ratio is 1.83, according to the most recent financial data.