Broadridge Financial Solutions Inc (BR)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 561,500 | 317,100 | 289,900 | 292,800 | 304,400 | 235,600 | 277,000 | 234,000 | 252,300 | 331,600 | 280,000 | 227,000 | 224,700 | 277,300 | 281,100 | 316,700 | 274,500 | 355,700 | 365,600 | 356,600 |
| Short-term investments | US$ in thousands | — | 700 | 700 | 700 | 800 | 800 | 700 | 700 | 700 | 700 | 600 | 600 | 600 | 600 | 700 | 600 | 700 | 1,000 | 600 | 400 |
| Total current liabilities | US$ in thousands | 1,861,300 | 1,264,300 | 1,114,300 | 972,400 | 1,421,800 | 1,122,400 | 971,100 | 924,000 | 2,397,800 | 1,163,000 | 1,018,900 | 991,700 | 1,313,400 | 1,176,800 | 1,087,800 | 966,600 | 1,288,000 | 1,002,500 | 837,900 | 744,000 |
| Cash ratio | 0.30 | 0.25 | 0.26 | 0.30 | 0.21 | 0.21 | 0.29 | 0.25 | 0.11 | 0.29 | 0.28 | 0.23 | 0.17 | 0.24 | 0.26 | 0.33 | 0.21 | 0.36 | 0.44 | 0.48 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($561,500K
+ $—K)
÷ $1,861,300K
= 0.30
The cash ratio for Broadridge Financial Solutions Inc. exhibited notable fluctuations over the analyzed period from September 2020 to June 2025. Initially, the ratio stood at 0.48 as of September 30, 2020, indicating that the company's cash and cash equivalents covered approximately 48% of its current liabilities. This ratio experienced a gradual decline over subsequent periods, reaching a low of 0.11 on June 30, 2023. The significant decrease during this interval suggests a diminishing liquidity buffer in terms of cash relative to short-term obligations.
Following this nadir, the cash ratio demonstrated signs of recovery, rising to 0.25 by September 2023, which implies an improved capacity to cover immediate liabilities with cash assets. The ratio continued to fluctuate modestly, reaching 0.29 by December 2023 and maintaining around 0.21 to 0.30 in the subsequent periods up through June 2025.
Overall, the trend indicates a substantial initial decline in the company's cash holdings relative to its current liabilities, with periods of recovery thereafter. The fluctuating nature of the ratio underscores varying liquidity levels across different quarters, reflecting potential strategic shifts, operational changes, or cash management practices over the analyzed timeframe. Despite these fluctuations, the ratio generally remained below 0.50, highlighting a conservative liquidity position in terms of cash coverage.
Peer comparison
Jun 30, 2025