Alamo Group Inc (ALG)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 42,311 | 60,279 | 48,190 | 39,023 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 162,874 | 120,163 | 117,155 | 114,894 |
| Cash ratio | 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 | 0.26 | 0.50 | 0.41 | 0.34 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($51,919K
+ $—K)
÷ $213,926K
= 0.24
Based on the data provided, the cash ratio of Alamo Group Inc. has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
The cash ratio has ranged from a low of 0.29 in Q4 2022 to a high of 0.58 in Q1 2023. A higher cash ratio indicates that a company has a greater proportion of cash to cover its short-term obligations. In contrast, a lower ratio may suggest that the company may have difficulty meeting its immediate payment obligations.
It is important to note that the cash ratio should be considered in conjunction with other liquidity ratios and financial metrics to get a more comprehensive understanding of Alamo Group Inc.'s financial health. Additionally, fluctuations in the cash ratio may be influenced by seasonal factors, business cycles, or specific operational decisions made by the company.
Peer comparison
Dec 31, 2023