CACI International Inc (CACI)

Cash ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cash and cash equivalents	US$ in thousands	133,961	115,776	114,804	88,031	107,236
Short-term investments	US$ in thousands	—	17	337	—	—
Total current liabilities	US$ in thousands	1,078,260	993,971	1,027,360	884,801	769,159
Cash ratio		0.12	0.12	0.11	0.10	0.14

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($133,961K + $—K) ÷ $1,078,260K
= 0.12

The cash ratio of CACI International Inc has shown some fluctuations over the past five years. The ratio has ranged between 0.10 and 0.14, indicating the company's ability to cover its current liabilities with the cash and cash equivalents on hand.

In the most recent fiscal year, ending June 30, 2024, the cash ratio stood at 0.12, consistent with the prior year. This suggests that the company has maintained a stable level of liquidity relative to its current liabilities. However, it is important to note that a cash ratio of 0.12 indicates that CACI International Inc may have limited excess cash to cover its short-term obligations.

Looking at the trend over the five-year period, there was a slight decrease in the cash ratio from 0.14 in June 2020 to 0.10 in June 2021, followed by an increase to 0.11 in June 2022 and then back to 0.12 in both June 2023 and June 2024. This pattern suggests that CACI International Inc has managed its liquidity position reasonably well, maintaining a level of cash reserves that can cover a portion of its current liabilities.

Overall, while CACI International Inc's cash ratio has experienced some fluctuations, the company has generally maintained a consistent level of liquidity over the past five years, with the most recent ratios indicating a stable liquidity position relative to its short-term obligations.