Badger Meter Inc (BMI)
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 | 295,305 | 258,955 | 226,212 | 199,310 | 191,782 | 162,910 | 141,805 | 128,361 | 138,052 | 114,787 | 100,210 | 89,219 | 87,174 | 67,038 | 57,359 | 51,402 | 72,273 | 93,901 | 85,201 | 70,376 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 118,205 | 129,163 | 138,119 | 135,094 | 131,948 | 128,782 | 118,914 | 115,786 | 110,312 | 101,785 | 97,335 | 88,509 | 82,146 | 75,855 | 72,309 | 71,766 | 65,199 | 60,192 | 62,701 | 60,456 |
| Cash ratio | 2.50 | 2.00 | 1.64 | 1.48 | 1.45 | 1.27 | 1.19 | 1.11 | 1.25 | 1.13 | 1.03 | 1.01 | 1.06 | 0.88 | 0.79 | 0.72 | 1.11 | 1.56 | 1.36 | 1.16 |
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 fluctuations over the past few years. The ratio measures the company's ability to cover its current liabilities with its available cash and cash equivalents.
From March 31, 2020, to June 30, 2022, the cash ratio remained relatively stable, hovering around 1.0, indicating the company had just enough cash to cover its current liabilities during these periods.
However, starting from September 30, 2022, the cash ratio began to increase steadily, reaching a peak of 2.50 on December 31, 2024. This significant increase in the cash ratio suggests that Badger Meter Inc has built up a more substantial cash reserve relative to its current liabilities during this period.
A higher cash ratio indicates that the company is in a stronger position to meet its short-term obligations using available cash resources. This could be a result of improved cash management practices, increased profitability, or reduced current liabilities.
Overall, the trend in Badger Meter Inc's cash ratio reflects a more robust liquidity position over the years, increasing the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024