Topbuild Corp (BLD)

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 400,318 257,342 463,221 968,809 848,565 615,612 526,327 333,778 240,069 159,384 123,869 126,553 139,779 327,906 261,739 319,619 330,007 315,338 258,837 187,039
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 767,182 756,140 752,249 784,365 771,538 753,670 758,343 751,243 789,639 788,581 801,693 777,921 733,426 584,798 543,236 514,284 496,477 485,146 471,525 471,083
Cash ratio 0.52 0.34 0.62 1.24 1.10 0.82 0.69 0.44 0.30 0.20 0.15 0.16 0.19 0.56 0.48 0.62 0.66 0.65 0.55 0.40

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($400,318K + $—K) ÷ $767,182K
= 0.52

The cash ratio of Topbuild Corp has fluctuated over the past few years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.

Topbuild Corp's cash ratio ranged from a low of 0.15 on June 30, 2022, to a high of 1.24 on March 31, 2024. A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities, reflecting a stronger liquidity position.

The company experienced a significant increase in its cash ratio from the end of 2022 to the first quarter of 2023, reaching its peak at 1.24. This suggests that Topbuild Corp had ample cash reserves to cover its short-term obligations during that period.

Subsequently, the cash ratio declined to 0.34 on September 30, 2024, indicating a decrease in the proportion of cash to current liabilities. This could signify changes in the company's cash management practices or financial position during that period.

Overall, the fluctuations in Topbuild Corp's cash ratio indicate changes in its liquidity position and ability to meet short-term obligations with available cash resources. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and liquidity management.