Adient PLC (ADNT)
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 | 945,000 | 890,000 | 905,000 | 990,000 | 1,110,000 | 908,000 | 826,000 | 901,000 | 947,000 | 892,000 | 1,118,000 | 2,080,000 | 1,521,000 | 1,000,000 | 984,000 | 1,820,000 | 1,692,000 | 1,032,000 | 1,640,000 | 965,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 22,154 | — | — | — | — | 335,000 | 4,000 | 4,000 | 838,000 | — | 1,090,000 | 1,279,000 | 10,000 |
| Total current liabilities | US$ in thousands | 3,678,000 | 3,686,000 | 3,658,000 | 3,548,000 | 3,738,000 | 3,720,000 | 3,671,000 | 3,418,000 | 3,501,000 | 3,387,000 | 3,658,000 | 3,742,000 | 3,511,000 | 3,631,000 | 3,661,000 | 3,584,000 | 3,819,000 | 3,083,000 | 4,223,000 | 3,683,000 |
| Cash ratio | 0.26 | 0.24 | 0.25 | 0.28 | 0.30 | 0.24 | 0.23 | 0.27 | 0.27 | 0.26 | 0.31 | 0.56 | 0.53 | 0.28 | 0.27 | 0.74 | 0.44 | 0.69 | 0.69 | 0.26 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($945,000K
+ $—K)
÷ $3,678,000K
= 0.26
The cash ratio of Adient PLC has shown some fluctuations over the past few years, ranging from a low of 0.23 to a high of 0.74. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.
In the most recent period, the cash ratio of 0.26 suggests that Adient has $0.26 in cash and cash equivalents for every $1 of current liabilities. This indicates that the company may have some room for improvement in terms of building up its cash reserves to better cover its short-term obligations.
It is important for investors and analysts to monitor the trend of the cash ratio over time to assess the company's liquidity position and financial health. A consistent improvement in the cash ratio may indicate a stronger financial position and better ability to weather economic uncertainties or unexpected events.
Peer comparison
Sep 30, 2024