Brunswick Corporation (BC)
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 | 269,000 | 284,100 | 510,700 | 559,500 | 467,800 | 330,900 | 477,500 | 387,800 | 595,600 | 457,400 | 578,600 | 680,100 | 354,500 | 1,486,400 | 590,200 | 471,900 | 519,600 | 650,400 | 541,500 | 502,900 |
| Short-term investments | US$ in thousands | 800 | 800 | 82,500 | 800 | 800 | 800 | 800 | 800 | 4,500 | 34,500 | 37,000 | 6,800 | 800 | 800 | 800 | 7,300 | 56,700 | 800 | 800 | 800 |
| Total current liabilities | US$ in thousands | 636,200 | 1,194,100 | 1,608,100 | 1,673,800 | 1,752,100 | 1,659,200 | 1,394,000 | 1,438,600 | 1,489,900 | 1,379,300 | 1,347,700 | 1,328,200 | 1,442,200 | 1,256,300 | 1,251,300 | 1,129,000 | 1,079,200 | 949,600 | 1,054,600 | 1,286,200 |
| Cash ratio | 0.42 | 0.24 | 0.37 | 0.33 | 0.27 | 0.20 | 0.34 | 0.27 | 0.40 | 0.36 | 0.46 | 0.52 | 0.25 | 1.18 | 0.47 | 0.42 | 0.53 | 0.69 | 0.51 | 0.39 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($269,000K
+ $800K)
÷ $636,200K
= 0.42
The cash ratio of Brunswick Corporation has displayed fluctuations over the given period, ranging from a low of 0.20 to a high of 1.18. The cash ratio indicates the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger liquidity position, as the company has more cash available to settle its short-term obligations.
Between March 31, 2020, and September 30, 2021, the cash ratio showed an increasing trend, indicating improved liquidity. However, there was a decline in the ratio by December 31, 2021, followed by fluctuations until December 31, 2024. Notably, the ratio surpassed 1.0 on September 30, 2021, suggesting that the company had more cash on hand than current liabilities at that point in time.
Overall, the cash ratio provides insight into Brunswick Corporation's liquidity management and ability to meet short-term obligations with readily available cash resources. It is essential to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024