AdvanSix Inc (ASIX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,564 | 29,768 | 30,985 | 15,100 | 10,606 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 357,103 | 358,918 | 393,492 | 309,822 | 287,037 |
| Cash ratio | 0.05 | 0.08 | 0.08 | 0.05 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,564K
+ $—K)
÷ $357,103K
= 0.05
The cash ratio of AdvanSix Inc has shown fluctuations over the past five years. Starting at 0.04 on December 31, 2020, it increased to 0.05 by the end of 2021, indicating a slight improvement in the company's ability to cover its current liabilities with cash. There was a more significant improvement in the cash ratio to 0.08 by the end of both 2022 and 2023, reflecting a stronger liquidity position. However, by the end of 2024, the cash ratio decreased back to 0.05, suggesting a potential decrease in the company's ability to cover short-term obligations with its available cash. Overall, the cash ratio trend indicates fluctuations in AdvanSix Inc's liquidity position over the years, with attention needed to ensure sufficient cash reserves to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024