Alamo Group Inc (ALG)
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 | 197,274 | 140,038 | 118,535 | 121,802 | 51,919 | 113,534 | 112,061 | 109,320 | 47,016 | 75,308 | 75,894 | 84,277 | 42,115 | 89,189 | 85,630 | 105,265 | 50,195 | 93,515 | 82,002 | 84,425 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 190,309 | 212,016 | 207,556 | 213,362 | 213,926 | 219,329 | 214,845 | 204,248 | 190,506 | 192,934 | 189,616 | 198,516 | 192,564 | 195,726 | 184,615 | 172,407 | 157,295 | 157,680 | 133,723 | 162,719 |
| Cash ratio | 1.04 | 0.66 | 0.57 | 0.57 | 0.24 | 0.52 | 0.52 | 0.54 | 0.25 | 0.39 | 0.40 | 0.42 | 0.22 | 0.46 | 0.46 | 0.61 | 0.32 | 0.59 | 0.61 | 0.52 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($197,274K
+ $—K)
÷ $190,309K
= 1.04
The cash ratio of Alamo Group Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term liabilities with cash and cash equivalents, started at 0.52 on March 31, 2020.
The ratio increased steadily to 0.61 by June 30, 2020, before experiencing slight fluctuations but generally staying above 0.50 until December 31, 2021. However, the cash ratio dropped significantly to 0.22 by the end of December 31, 2021, indicating a potential liquidity concern for the company.
Subsequently, there was a gradual increase in the cash ratio, reaching 0.66 by September 30, 2024, and a notable improvement to 1.04 by December 31, 2024. This significant increase suggests that the company's ability to cover its short-term liabilities with cash improved substantially by the end of 2024.
Overall, the cash ratio of Alamo Group Inc has shown variation over the period analyzed, reflecting changes in the company's cash position and its capacity to meet short-term obligations from available cash resources.
Peer comparison
Dec 31, 2024