Badger Meter Inc (BMI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 295,305 | 191,782 | 138,052 | 87,174 | 72,273 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 118,205 | 131,948 | 110,312 | 82,146 | 65,199 |
| Cash ratio | 2.50 | 1.45 | 1.25 | 1.06 | 1.11 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($295,305K
+ $—K)
÷ $118,205K
= 2.50
The cash ratio of Badger Meter Inc has shown a generally positive trend over the years, starting at 1.11 in 2020 and increasing to 2.50 by the end of 2024. This indicates that the company has been able to improve its ability to cover its short-term liabilities with its cash holdings. A cash ratio above 1 is considered healthy, as it means the company has enough cash to cover its short-term obligations. The increasing trend in the cash ratio suggests that Badger Meter Inc has been effectively managing its liquidity position and is in a strong financial position to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024