AutoNation Inc (AN)
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 | 59,800 | 60,200 | 108,000 | 79,200 | 75,100 | 64,000 | 63,700 | 58,300 | 72,600 | 442,900 | 336,500 | 608,100 | 60,400 | 72,000 | 59,500 | 350,000 | 569,600 | 350,500 | 257,300 | 411,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,312,200 | 5,960,400 | 6,217,100 | 5,384,300 | 5,582,500 | 4,531,800 | 4,407,000 | 3,780,800 | 3,405,700 | 2,935,400 | 2,780,000 | 2,804,600 | 3,059,800 | 2,427,200 | 3,040,700 | 3,609,200 | 4,165,900 | 3,710,600 | 3,821,300 | 4,995,800 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.15 | 0.12 | 0.22 | 0.02 | 0.03 | 0.02 | 0.10 | 0.14 | 0.09 | 0.07 | 0.08 |
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 fluctuated over the years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term liabilities.
From March 31, 2020, to December 31, 2020, the cash ratio of AutoNation Inc increased steadily from 0.08 to 0.14, indicating an improvement in the company's liquidity position. However, in the subsequent quarters, the cash ratio fluctuated between 0.02 and 0.10, suggesting some variability in the company's ability to cover short-term liabilities with cash on hand.
The cash ratio peaked at 0.22 on March 31, 2022, signaling a significant increase in liquidity. This improvement may have been driven by effective cash management practices or increased cash reserves. However, this peak was followed by a decline in the cash ratio over the next few quarters, hovering between 0.01 and 0.15.
Overall, the cash ratio of AutoNation Inc has demonstrated some volatility, with fluctuations occurring within a range of 0.01 to 0.22. This suggests that the company's liquidity position has varied over the years, and a closer examination of the underlying reasons for these fluctuations may provide insights into AutoNation Inc's financial health and cash management practices.
Peer comparison
Dec 31, 2024