AutoNation Inc (AN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 59,800 | 60,800 | 72,600 | 60,400 | 569,600 |
| Short-term investments | US$ in thousands | — | 328,000 | — | — | — |
| Total current liabilities | US$ in thousands | 6,312,200 | 5,582,500 | 3,405,700 | 3,059,800 | 4,165,900 |
| Cash ratio | 0.01 | 0.07 | 0.02 | 0.02 | 0.14 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($59,800K
+ $—K)
÷ $6,312,200K
= 0.01
The cash ratio of AutoNation Inc has varied over the years. In December 2020, the cash ratio was 0.14, indicating that the company had $0.14 in cash and cash equivalents for every $1 of current liabilities. However, by December 2024, the cash ratio had decreased to 0.01, suggesting that the company had only $0.01 in cash and cash equivalents for every $1 of current liabilities. This downward trend in the cash ratio indicates that AutoNation may be facing liquidity challenges and may need to manage its cash resources more efficiently to meet its short-term obligations.
Peer comparison
Dec 31, 2024