The Andersons Inc (ANDE)
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 | 643,854 | 418,055 | 96,293 | 70,853 | 115,269 | 140,771 | 86,035 | 36,381 | 216,444 | 216,874 | 27,538 | 35,393 | 29,123 | 13,693 | 30,011 | 19,693 | 54,895 | 12,299 | 11,087 | 29,991 |
| Short-term investments | US$ in thousands | — | 12,026 | 11,107 | 8,265 | — | 6,925 | 3,276 | — | — | — | — | — | — | 25,368 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,636,330 | 1,407,630 | 1,393,240 | 2,112,310 | 2,521,320 | 2,320,510 | 2,577,580 | 3,062,770 | 2,463,930 | 1,723,160 | 1,690,560 | 1,918,120 | 1,931,680 | 1,096,540 | 926,782 | 1,385,490 | 1,439,920 | 1,065,480 | 1,304,570 | 1,446,340 |
| Cash ratio | 0.39 | 0.31 | 0.08 | 0.04 | 0.05 | 0.06 | 0.03 | 0.01 | 0.09 | 0.13 | 0.02 | 0.02 | 0.02 | 0.04 | 0.03 | 0.01 | 0.04 | 0.01 | 0.01 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($643,854K
+ $—K)
÷ $1,636,330K
= 0.39
The cash ratio of Andersons Inc. has fluctuated over the past eight quarters, ranging from a low of 0.18 in Q1 2023 to a high of 0.54 in Q4 2023. The cash ratio measures the company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash on hand to meet its current liabilities.
In Q1 2023, Andersons Inc. had a lower cash ratio of 0.18, suggesting that the company had relatively less cash available to cover its short-term obligations at that time. However, there was a significant improvement in Q4 2023, where the cash ratio increased to 0.54, indicating a better ability to meet its short-term obligations with cash.
Overall, the trend in the cash ratio of Andersons Inc. shows some volatility but seems to have improved in the most recent quarter. It is essential for stakeholders to monitor the company's cash ratio over time to assess its liquidity position and ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2023