Air Products and Chemicals Inc (APD)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	2,979,700	2,375,700	2,535,000	1,962,600	1,617,000	1,637,700	2,242,400	3,131,000	2,711,000	2,957,400	2,348,700	2,953,700	4,468,900	4,291,600	5,786,300	5,788,000	5,253,000	3,921,400	2,220,100	2,406,100
Short-term investments	US$ in thousands	5,000	61,800	102,800	271,800	332,200	268,700	271,300	19,600	590,700	357,600	848,900	728,600	1,331,900	1,524,900	409,200	412,000	1,104,900	2,515,700	0	0
Total current liabilities	US$ in thousands	4,179,600	4,474,500	4,061,000	3,119,200	3,895,800	3,947,700	2,797,900	3,276,900	3,465,800	3,406,900	3,205,100	2,630,100	2,799,100	2,697,100	3,017,400	2,985,900	2,416,700	2,591,000	1,806,900	1,819,000
Cash ratio		0.71	0.54	0.65	0.72	0.50	0.48	0.90	0.96	0.95	0.97	1.00	1.40	2.07	2.16	2.05	2.08	2.63	2.48	1.23	1.32

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,979,700K + $5,000K) ÷ $4,179,600K
= 0.71

The cash ratio of Air Products and Chemicals Inc has been fluctuating over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources.

The cash ratio for Air Products and Chemicals Inc has ranged from 0.48 to 2.63 over the last few quarters. The ratio was relatively low in the recent quarters, ranging from 0.50 to 0.71, which may indicate a lower level of liquidity to cover immediate liabilities during those periods.

In contrast, the cash ratio was notably higher in previous quarters, exceeding 1.00 in several instances, with peaks of 2.63 and 2.48. These higher ratios suggest that the company had a significant amount of cash on hand relative to its short-term obligations, indicating a strong liquidity position in those periods.

Overall, Air Products and Chemicals Inc's cash ratio has shown variability over the analyzed periods, with some quarters indicating a stronger liquidity position than others. It is important for investors and stakeholders to monitor the company's cash ratio trends to assess its ability to meet short-term financial obligations effectively.