BWX Technologies Inc (BWXT)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 75,766 | 50,201 | 33,861 | 42,051 | 35,244 | 51,400 | 67,404 | 23,635 | 33,891 | 69,381 | 190,752 | 57,677 | 42,610 | 44,662 | 61,584 | 77,627 | 86,540 | 13,641 | 34,444 | 22,976 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 3,847 | 3,804 | 3,820 | 3,777 | 3,789 | 3,811 | 3,820 | 3,300 | 3,827 | 3,707 | 3,699 | 3,710 | 3,694 | 5,843 | 3,618 | 3,614 | 3,601 |
| Total current liabilities | US$ in thousands | 375,046 | 351,169 | 348,061 | 348,857 | 367,860 | 406,797 | 409,367 | 408,644 | 459,615 | 397,793 | 801,643 | 403,977 | 529,727 | 382,551 | 375,335 | 343,158 | 404,709 | 333,740 | 315,392 | 325,760 |
| Cash ratio | 0.20 | 0.14 | 0.10 | 0.13 | 0.11 | 0.14 | 0.17 | 0.07 | 0.08 | 0.18 | 0.24 | 0.15 | 0.09 | 0.13 | 0.17 | 0.24 | 0.23 | 0.05 | 0.12 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($75,766K
+ $0K)
÷ $375,046K
= 0.20
The cash ratio of BWX Technologies Inc has shown a consistent improvement over the past eight quarters, increasing from 1.56 in Q1 2022 to 1.80 in Q4 2023. This indicates that the company has a sufficient amount of cash and cash equivalents to cover its current liabilities in each period. Generally, a higher cash ratio is favorable as it suggests the company is in a better position to meet its short-term obligations. The increasing trend in the cash ratio of BWX Technologies Inc reflects its ability to manage its liquidity effectively and indicates a healthy financial position in terms of short-term solvency.
Peer comparison
Dec 31, 2023