CACI International Inc (CACI)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	133,961	159,226	128,851	125,546	115,776	106,789	114,738	136,636	114,804	125,074	124,103	104,430	88,031	105,591	102,114	124,862	107,236	77,156	68,645	83,182
Short-term investments	US$ in thousands	—	777	1,438	2,363	17	703	1,305	1,952	337	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,078,260	1,084,840	986,126	1,100,130	993,971	1,064,460	981,648	965,831	1,027,360	927,442	937,019	836,274	884,801	842,891	772,804	753,354	769,159	779,165	769,391	773,624
Cash ratio		0.12	0.15	0.13	0.12	0.12	0.10	0.12	0.14	0.11	0.13	0.13	0.12	0.10	0.13	0.13	0.17	0.14	0.10	0.09	0.11

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 fluctuation over the past eight quarters, ranging from 0.09 to 0.17. The cash ratio measures the company's ability to cover its short-term obligations with cash and cash equivalents alone. A higher cash ratio indicates a greater ability to meet short-term liabilities without relying on external sources such as borrowing.

Looking at the trend, we can see that the cash ratio has generally been in the range of 0.10 to 0.15, with some quarters falling slightly below or above this range. The highest cash ratio of 0.17 was recorded in the third quarter of 2020, while the lowest ratio of 0.09 was observed in the third quarter of 2019.

It is essential to note that while a high cash ratio may imply good liquidity, excessively high levels of idle cash may also indicate inefficient use of resources. On the other hand, a consistently low cash ratio could signal liquidity issues and potential difficulties in meeting short-term obligations.

Overall, monitoring the cash ratio trend over time can provide insights into the company's liquidity position and financial health, helping stakeholders assess its ability to manage short-term financial commitments.