Astec Industries Inc (ASTE)
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 | 88,300 | 55,300 | 63,200 | 58,100 | 59,800 | 73,800 | 44,500 | 42,500 | 62,800 | 20,800 | 50,600 | 111,700 | 134,400 | 164,600 | 174,500 | 164,600 | 158,600 | 108,500 | 119,800 | 43,900 |
| Short-term investments | US$ in thousands | 3,000 | 3,600 | 5,200 | 5,700 | 5,700 | 5,700 | 4,000 | 3,600 | 3,900 | 4,200 | 5,800 | 6,100 | 8,600 | 9,200 | 9,300 | 7,000 | 4,300 | 3,800 | 2,900 | 2,100 |
| Total current liabilities | US$ in thousands | 271,700 | 299,200 | 311,200 | 310,400 | 299,000 | 282,200 | 264,100 | 272,000 | 274,000 | 283,900 | 273,400 | 256,500 | 225,300 | 212,000 | 207,800 | 185,100 | 170,300 | 161,200 | 144,000 | 168,900 |
| Cash ratio | 0.34 | 0.20 | 0.22 | 0.21 | 0.22 | 0.28 | 0.18 | 0.17 | 0.24 | 0.09 | 0.21 | 0.46 | 0.63 | 0.82 | 0.88 | 0.93 | 0.96 | 0.70 | 0.85 | 0.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($88,300K
+ $3,000K)
÷ $271,700K
= 0.34
The cash ratio of Astec Industries Inc has shown some fluctuations over the past few years. The ratio stood at 0.27 as of March 31, 2020, indicating that the company had $0.27 in cash and cash equivalents for every dollar of current liabilities. This ratio increased substantially to 0.96 by December 31, 2020, suggesting a significant improvement in the company's liquidity position.
However, the cash ratio gradually declined to 0.20 by September 30, 2024. This downward trend indicates a decreasing ability to cover short-term liabilities solely with cash and cash equivalents. While the ratio did see some fluctuations, it generally hovered around the range of 0.20 to 0.96 during the observed period.
Overall, the cash ratio of Astec Industries Inc suggests that the company may have faced some challenges in maintaining sufficient liquidity to cover its short-term obligations. Investors and stakeholders may want to further investigate the company's cash management practices to ensure the sustainability of its operations.
Peer comparison
Dec 31, 2024