BWX Technologies Inc (BWXT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 74,109 | 75,766 | 35,244 | 33,891 | 42,610 |
| Short-term investments | US$ in thousands | — | 0 | 3,804 | 3,811 | 3,707 |
| Total current liabilities | US$ in thousands | 474,201 | 375,046 | 367,860 | 459,615 | 529,727 |
| Cash ratio | 0.16 | 0.20 | 0.11 | 0.08 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($74,109K
+ $—K)
÷ $474,201K
= 0.16
The cash ratio of BWX Technologies Inc has fluctuated over the past five years, as evidenced by the provided data.
As of December 31, 2020, the cash ratio stood at 0.09, indicating that the company had $0.09 in cash for every $1 of current liabilities. The ratio decreased slightly to 0.08 by December 31, 2021, suggesting a decrease in the company's ability to cover its short-term liabilities with cash on hand.
However, there was an improvement in the cash ratio by December 31, 2022, where it increased to 0.11, showing a stronger ability to cover current liabilities with available cash. This positive trend continued into December 31, 2023, with a significant increase in the cash ratio to 0.20, indicating a substantial improvement in the company's liquidity position.
By December 31, 2024, the cash ratio decreased slightly to 0.16, but it still remained higher compared to the previous years. Overall, the fluctuation in the cash ratio of BWX Technologies Inc reflects varying levels of liquidity and the company's ability to meet its short-term obligations with cash reserves.
Peer comparison
Dec 31, 2024