AdvanSix Inc (ASIX)

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 19,564 17,298 12,105 20,633 29,768 22,110 10,536 1,826 30,985 24,694 17,297 19,306 15,100 7,239 4,251 14,124 10,606 16,686 72,663 30,754
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 357,103 295,142 272,954 284,122 358,918 307,954 300,143 314,960 393,492 350,656 356,344 307,252 309,822 306,140 269,105 259,482 287,037 253,162 226,324 268,680
Cash ratio 0.05 0.06 0.04 0.07 0.08 0.07 0.04 0.01 0.08 0.07 0.05 0.06 0.05 0.02 0.02 0.05 0.04 0.07 0.32 0.11

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, which measures the company's ability to cover its short-term liabilities with cash and cash equivalents, fluctuated over the periods provided. The ratio ranged from a low of 0.01 as of March 31, 2023, to a high of 0.32 as of June 30, 2020.

The cash ratio showed a decreasing trend from the second quarter of 2020 to the first quarter of 2024, with minor fluctuations along the way. This downward trend indicates a potential decline in the company's ability to meet its short-term obligations solely with its cash reserves.

It is important to note that a cash ratio below 1 may suggest that the company may have difficulty meeting its short-term obligations if they all came due immediately. However, the interpretation of the cash ratio should be considered alongside other liquidity and financial metrics for a more comprehensive analysis of AdvanSix Inc's financial health.