Cabot Corporation (CBT)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 223,000 | 197,000 | 206,000 | 244,000 | 238,000 | 220,000 | 205,000 | 190,000 | 206,000 | 208,000 | 215,000 | 179,000 | 168,000 | 173,000 | 146,000 | 147,000 | 151,000 | 162,000 | 142,000 | 173,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 772,000 | 717,000 | 718,000 | 830,000 | 822,000 | 738,000 | 904,000 | 984,000 | 1,105,000 | 1,100,000 | 1,407,000 | 1,327,000 | 1,147,000 | 704,000 | 647,000 | 570,000 | 529,000 | 494,000 | 563,000 | 574,000 |
| Cash ratio | 0.29 | 0.27 | 0.29 | 0.29 | 0.29 | 0.30 | 0.23 | 0.19 | 0.19 | 0.19 | 0.15 | 0.13 | 0.15 | 0.25 | 0.23 | 0.26 | 0.29 | 0.33 | 0.25 | 0.30 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($223,000K
+ $—K)
÷ $772,000K
= 0.29
The cash ratio of Cabot Corporation has fluctuated over the past few quarters, ranging from 0.13 to 0.33. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities.
In the most recent quarter, ending on September 30, 2024, Cabot Corporation had a cash ratio of 0.29, which suggests that the company is relatively well-positioned to cover its short-term obligations with its available cash reserves.
The trend of the cash ratio over the past few quarters shows some stability, with minor fluctuations. However, it is important for investors and analysts to monitor this ratio over time to ensure that the company maintains a healthy level of liquidity to meet its short-term financial obligations.
Overall, based on the data provided, Cabot Corporation's cash ratio appears to be within a reasonable range, indicating a satisfactory level of liquidity.
Peer comparison
Sep 30, 2024