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.