Barnes Group Inc (B)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 89,827 | 90,040 | 74,673 | 78,684 | 76,858 | 71,585 | 72,278 | 75,255 | 102,860 | 93,475 | 91,134 | 84,900 | 79,145 | 77,485 | 74,238 | 112,827 | 93,805 | 80,468 | 94,870 | 103,507 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 396,610 | 380,589 | 334,756 | 312,996 | 305,073 | 283,722 | 284,862 | 282,348 | 310,394 | 307,556 | 307,433 | 297,591 | 295,379 | 317,217 | 333,948 | 351,569 | 342,875 | 347,004 | 373,646 | 369,031 |
| Cash ratio | 0.23 | 0.24 | 0.22 | 0.25 | 0.25 | 0.25 | 0.25 | 0.27 | 0.33 | 0.30 | 0.30 | 0.29 | 0.27 | 0.24 | 0.22 | 0.32 | 0.27 | 0.23 | 0.25 | 0.28 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($89,827K
+ $—K)
÷ $396,610K
= 0.23
The cash ratio of Barnes Group Inc. has shown a slight decline over the past few quarters, decreasing from 0.56 in Q1 2022 to 0.47 in Q4 2023. This ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A cash ratio of less than 1 indicates that Barnes Group Inc. may not have enough liquid assets to cover its short-term obligations. However, it is important to consider the industry norms and the company's specific circumstances when evaluating this ratio. Overall, the downward trend in the cash ratio may indicate a potential liquidity challenge that needs to be monitored and addressed by the company.
Peer comparison
Dec 31, 2023