Brinks Company (BCO)
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 | 1,395,300 | 1,226,300 | 1,618,000 | 1,122,700 | 1,683,600 | 933,500 | 890,100 | 816,600 | 972,000 | 1,019,000 | 743,300 | 733,000 | 710,300 | 700,800 | 661,600 | 598,100 | 620,900 | 592,400 | 531,300 | 274,400 |
| Short-term investments | US$ in thousands | — | 412,500 | 15,800 | 15,800 | — | 19,700 | 19,600 | 15,100 | — | 7,200 | 12,800 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,802,200 | 1,793,400 | 1,991,500 | 1,944,100 | 1,624,600 | 1,180,900 | 1,234,400 | 1,315,900 | 1,347,900 | 1,371,800 | 1,364,500 | 1,088,500 | 1,092,000 | 1,330,800 | 972,700 | 985,200 | 1,166,400 | 1,072,700 | 716,100 |
| Cash ratio | 0.73 | 0.91 | 0.91 | 0.57 | 0.87 | 0.59 | 0.77 | 0.67 | 0.74 | 0.76 | 0.55 | 0.54 | 0.65 | 0.64 | 0.50 | 0.61 | 0.63 | 0.51 | 0.50 | 0.38 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,395,300K
+ $—K)
÷ $1,898,400K
= 0.73
The cash ratio of Brinks Company has shown fluctuations over the quarters provided in the data. The cash ratio reflects the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio ranged from 0.38 to 0.91. Notable changes in the cash ratio include an increase from 0.38 on March 31, 2020, to 0.63 on December 31, 2020, indicating an improvement in the company's ability to cover its short-term obligations with its cash holdings.
Subsequently, the cash ratio fluctuated, reaching a low of 0.50 on June 30, 2021, and a high of 0.91 on June 30, 2024. The peak at 0.91 suggests Brinks Company had significantly higher cash and cash equivalents relative to its short-term liabilities by June 30, 2024.
Overall, the trend in the cash ratio of Brinks Company shows varying levels of liquidity over the quarters, with the company maintaining a reasonable ability to meet its short-term obligations with its available cash reserves.
Peer comparison
Dec 31, 2024