Aecom Technology Corporation (ACM)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,580,880 | 1,644,810 | 1,185,810 | 1,192,260 | 1,260,210 | 1,257,730 | 1,073,520 | 1,160,350 | 1,172,210 | 1,010,720 | 965,070 | 1,082,390 | 1,229,200 | 1,049,030 | 934,906 | 1,044,750 | 1,708,330 | 1,331,270 | 1,135,060 | 725,436 |
| Short-term investments | US$ in thousands | — | 15,300 | 15,200 | 13,900 | 17,200 | 17,900 | 14,300 | 14,600 | 9,400 | — | — | — | — | 331,994 | 326,958 | 254,616 | 229,312 | — | — | — |
| Total current liabilities | US$ in thousands | 6,374,080 | 6,289,640 | 6,136,120 | 6,002,490 | 5,850,280 | 5,714,780 | 5,537,260 | 5,557,720 | 5,404,170 | 5,464,940 | 5,283,480 | 5,513,460 | 5,521,720 | 5,680,030 | 5,601,900 | 6,001,600 | 6,090,450 | 5,751,670 | 5,987,540 | 6,461,460 |
| Cash ratio | 0.25 | 0.26 | 0.20 | 0.20 | 0.22 | 0.22 | 0.20 | 0.21 | 0.22 | 0.18 | 0.18 | 0.20 | 0.22 | 0.24 | 0.23 | 0.22 | 0.32 | 0.23 | 0.19 | 0.11 |
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 some fluctuations over the past few years. The cash ratio, which measures the company's ability to cover its short-term liabilities with cash and cash equivalents, has ranged from 0.11 to 0.32.
In recent quarters, the cash ratio has ranged between 0.18 and 0.26, indicating that the company has enough cash on hand to cover approximately 18% to 26% of its short-term liabilities. The lower end of this range may suggest a potential liquidity risk, as there may not be enough cash available to meet short-term obligations.
Overall, the company's cash ratio has generally been stable, with only slight fluctuations. It is important for investors and analysts to monitor this ratio closely to ensure the company maintains a healthy level of liquidity to meet its obligations in the short term.
Peer comparison
Sep 30, 2024