Aecom Technology Corporation (ACM)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,580,880 | 1,260,210 | 1,172,210 | 1,229,200 | 1,708,330 |
| Short-term investments | US$ in thousands | — | 17,200 | 9,400 | — | 229,312 |
| Total current liabilities | US$ in thousands | 6,374,080 | 5,850,280 | 5,404,170 | 5,521,720 | 6,090,450 |
| Cash ratio | 0.25 | 0.22 | 0.22 | 0.22 | 0.32 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,580,880K
+ $—K)
÷ $6,374,080K
= 0.25
The cash ratio of Aecom Technology Corporation has shown a fluctuating trend over the past five years. The ratio stood at 0.25 as of September 30, 2024, which indicates that the company had $0.25 in cash and cash equivalents for every dollar of current liabilities. Compared to the previous year, the cash ratio had increased from 0.22 in September 2023.
Looking back further, the cash ratio had remained relatively stable at 0.22 for the three years leading up to 2023. However, in September 2020, there was a notable increase in the cash ratio to 0.32, indicating a higher level of liquidity compared to the subsequent years.
Overall, while the recent increase in the cash ratio may suggest improved short-term liquidity for Aecom Technology Corporation, further analysis of the company's cash management practices and overall financial health would provide a more comprehensive understanding of its liquidity position.
Peer comparison
Sep 30, 2024