Balchem Corporation (BCPC)
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 | 49,515 | 73,694 | 63,738 | 60,349 | 64,447 | 76,952 | 66,856 | 60,199 | 66,560 | 56,489 | 76,183 | 64,466 | 103,239 | 90,013 | 79,902 | 88,535 | 84,571 | 78,967 | 76,407 | 73,959 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 730 | 1,406 | 1,612 | 1,048 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 157,685 | 109,439 | 113,322 | 124,425 | 148,491 | 108,038 | 114,386 | 116,523 | 140,042 | 142,085 | 144,143 | 123,529 | 143,802 | 104,926 | 100,759 | 88,763 | 94,428 | 68,413 | 67,960 | 71,720 |
| Cash ratio | 0.31 | 0.67 | 0.56 | 0.49 | 0.43 | 0.71 | 0.58 | 0.52 | 0.49 | 0.41 | 0.54 | 0.52 | 0.72 | 0.86 | 0.79 | 1.00 | 0.90 | 1.15 | 1.12 | 1.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,515K
+ $—K)
÷ $157,685K
= 0.31
The cash ratio of Balchem Corporation has exhibited fluctuations over the reporting periods provided in the data. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio generally remained above 1, indicating that the company had more than enough cash to cover its short-term obligations during those periods. However, starting from December 31, 2021, the cash ratio began to decline steadily, dropping below 1. This suggests that the company's cash and cash equivalents may not be sufficient to cover its current liabilities entirely.
The decreasing trend in the cash ratio from December 2021 to December 2024 indicates a potential liquidity strain for Balchem Corporation. It is essential for the company to closely monitor its cash position and manage its working capital efficiently to ensure it can meet its short-term financial obligations in a sustainable manner.
Peer comparison
Dec 31, 2024