Arcosa Inc (ACA)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 104,800 | 155,300 | 197,900 | 149,200 | 160,400 | 112,200 | 77,000 | 88,600 | 72,900 | 66,100 | 100,300 | 81,900 | 95,800 | 189,000 | 148,400 | 200,700 | 240,400 | 127,500 | 83,300 | 118,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 431,200 | 405,100 | 420,800 | 380,400 | 367,700 | 423,400 | 416,400 | 403,700 | 364,000 | 389,400 | 353,000 | 312,200 | 310,300 | 312,200 | 285,900 | 279,000 | 284,000 | 223,800 | 203,100 | 245,800 |
| Cash ratio | 0.24 | 0.38 | 0.47 | 0.39 | 0.44 | 0.26 | 0.18 | 0.22 | 0.20 | 0.17 | 0.28 | 0.26 | 0.31 | 0.61 | 0.52 | 0.72 | 0.85 | 0.57 | 0.41 | 0.48 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($104,800K
+ $—K)
÷ $431,200K
= 0.24
The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a greater ability to meet short-term obligations.
For Arcosa Inc, the cash ratio has shown some fluctuations over the past eight quarters. In Q4 2023, the cash ratio was 0.36, indicating that the company had $0.36 of cash and cash equivalents for every $1 of short-term liabilities. This was a decrease from the previous quarter's ratio of 0.50.
Comparing to the same quarter in the previous year, Arcosa Inc's cash ratio in Q4 2023 (0.36) was the same as Q4 2022 (0.36), suggesting the company maintained a similar level of liquidity between these periods.
Overall, Arcosa Inc's cash ratio has varied over the quarters, with some fluctuations observed. It is important for the company to maintain a healthy cash ratio to ensure it can meet its short-term obligations in a timely manner. Further analysis and comparison with industry benchmarks could provide additional insights into Arcosa Inc's liquidity position.
Peer comparison
Dec 31, 2023