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.
Peer comparison
Dec 31, 2024