AGCO Corporation (AGCO)
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 | 612,700 | 622,600 | 657,300 | 2,455,800 | 595,500 | 680,700 | 463,500 | 558,700 | 789,500 | 607,000 | 580,600 | 655,700 | 889,100 | 537,000 | 500,200 | 453,700 | 1,119,100 | 511,000 | 404,400 | 386,700 |
| Short-term investments | US$ in thousands | 700 | — | — | — | — | — | — | — | — | — | — | — | — | 480,000 | 475,000 | 444,000 | 442,000 | 411,000 | — | — |
| Total current liabilities | US$ in thousands | 3,826,000 | 4,280,100 | 4,363,500 | 4,213,200 | 4,343,600 | 4,119,100 | 4,302,500 | 3,984,300 | 4,088,000 | 3,617,900 | 3,630,500 | 3,435,200 | 3,454,600 | 3,549,200 | 3,619,300 | 3,414,600 | 3,362,800 | 2,857,500 | 2,607,700 | 2,562,100 |
| Cash ratio | 0.16 | 0.15 | 0.15 | 0.58 | 0.14 | 0.17 | 0.11 | 0.14 | 0.19 | 0.17 | 0.16 | 0.19 | 0.26 | 0.29 | 0.27 | 0.26 | 0.46 | 0.32 | 0.16 | 0.15 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($612,700K
+ $700K)
÷ $3,826,000K
= 0.16
The cash ratio of AGCO Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio started at a low of 0.15 on March 31, 2020, increased steadily to reach its peak of 0.58 on March 31, 2024. This indicates that the company significantly improved its ability to cover its short-term obligations with cash during this period.
However, there were periods of fluctuation in the cash ratio, with noticeable dips and rebounds. For example, the ratio decreased on June 30, 2022, and June 30, 2023, but then increased again by December of those years.
Overall, the cash ratio of AGCO Corporation reflects varying levels of liquidity over the analyzed period, with the company improving its cash position significantly by the end of 2024. It is important for investors and stakeholders to monitor these fluctuations to understand the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024