The Andersons Inc (ANDE)
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 | 561,771 | 454,065 | 530,386 | 283,902 | 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 |
| Short-term investments | US$ in thousands | — | — | 9,961 | 10,281 | 9,968 | 12,026 | 11,107 | 8,265 | 8,759 | 6,925 | 3,276 | 805 | — | — | 3,849 | 6,622 | — | 25,368 | — | — |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,177,870 | 1,084,730 | 1,083,280 | 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 |
| Cash ratio | 0.32 | 0.39 | 0.50 | 0.27 | 0.40 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($561,771K
+ $—K)
÷ $1,731,170K
= 0.32
The cash ratio of The Andersons Inc has shown fluctuations over the periods provided. The cash ratio calculates the proportion of a company's cash and cash equivalents to its current liabilities, indicating its ability to cover short-term obligations with its readily available cash.
The cash ratio for The Andersons Inc was relatively low in the earlier periods, ranging from 0.01 to 0.04. This suggests that the company held a minimal amount of cash compared to its current liabilities, potentially indicating a lower level of liquidity during those periods.
However, in the later periods, the cash ratio significantly improved, reaching levels as high as 0.50 by June 30, 2024. This increase indicates that The Andersons Inc had accumulated a substantial amount of cash relative to its short-term obligations, strengthening its liquidity position.
Overall, the trend in the cash ratio for The Andersons Inc seems to have improved significantly in recent periods, reflecting a healthier liquidity position and potentially better ability to meet short-term financial commitments. However, continued monitoring of this ratio is advisable to assess the company's ongoing liquidity management.
Peer comparison
Dec 31, 2024