Asbury Automotive Group Inc (ABG)

Cash 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 and cash equivalents	US$ in thousands	69,400	60,300	67,200	29,000	45,700	41,600	77,500	296,800	235,300	141,300	100,100	284,300	178,900	330,600	102,300	27,800	1,400	4,100	613,200	388,600
Short-term investments	US$ in thousands	14,400	9,000	10,500	6,900	6,200	7,400	10,300	5,500	5,400	7,900	10,800	12,500	11,000	—	—	—	1,100	—	—	—
Total current liabilities	US$ in thousands	2,836,300	2,594,200	2,565,500	2,757,400	2,875,700	994,500	1,049,600	1,068,300	1,033,400	1,158,700	1,156,900	1,584,800	1,598,000	659,200	759,300	1,048,700	1,223,400	1,212,700	893,200	1,186,000
Cash ratio		0.03	0.03	0.03	0.01	0.02	0.05	0.08	0.28	0.23	0.13	0.10	0.19	0.12	0.50	0.13	0.03	0.00	0.00	0.69	0.33

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($69,400K + $14,400K) ÷ $2,836,300K
= 0.03

The cash ratio of Asbury Automotive Group Inc has exhibited fluctuations over the given period. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

As of June 30, 2020, the cash ratio improved significantly to 0.69, indicating a higher level of cash reserves in comparison to its short-term obligations. However, in the subsequent quarters of September and December 2020, the cash ratio dropped to 0.00, suggesting insufficient cash to cover immediate liabilities.

The cash ratio increased modestly in the following periods, reaching 0.50 by September 30, 2021, indicating an improved ability to meet short-term obligations. However, the ratio fluctuated in the subsequent quarters, showing values ranging from 0.02 to 0.28 until June 30, 2024.

Overall, the cash ratio of Asbury Automotive Group Inc has shown variability over the years, with fluctuations reflecting changes in the company's liquidity position. Investors and stakeholders may consider these fluctuations when assessing the company's short-term liquidity and financial health.