CDW Corp (CDW)
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 | 588,700 | 440,700 | 203,900 | 279,400 | 315,200 | 384,600 | 541,600 | 386,900 | 258,100 | 245,100 | 501,200 | 878,600 | 1,410,200 | 1,249,500 | 958,400 | 214,400 | 154,000 | 166,900 | 194,500 | 285,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,442,000 | 4,782,100 | 4,997,300 | 4,777,900 | 4,947,100 | 5,358,800 | 5,415,600 | 5,464,600 | 5,096,000 | 3,833,200 | 3,770,100 | 3,709,300 | 3,898,300 | 3,836,600 | 3,561,500 | 3,647,200 | 3,491,400 | 3,241,000 | 3,460,300 | 3,215,000 |
| Cash ratio | 0.11 | 0.09 | 0.04 | 0.06 | 0.06 | 0.07 | 0.10 | 0.07 | 0.05 | 0.06 | 0.13 | 0.24 | 0.36 | 0.33 | 0.27 | 0.06 | 0.04 | 0.05 | 0.06 | 0.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($588,700K
+ $—K)
÷ $5,442,000K
= 0.11
The cash ratio of CDW Corp has shown some fluctuations over the past eight quarters. The ratio ranged from 0.14 to 0.20 during this period. In the fourth quarter of 2023 and the third quarter of 2023, the cash ratio stood at 0.18, indicating that the company had $0.18 of cash and cash equivalents for every dollar of current liabilities. This suggests that CDW Corp has a relatively stable liquidity position during these quarters.
However, in the second quarter of 2023, the cash ratio decreased to 0.14, indicating a slight liquidity strain as the company had $0.14 in cash and cash equivalents for every dollar of current liabilities. The cash ratio increased to 0.16 in the first quarter of 2023, showing a partial improvement in liquidity.
Comparing the cash ratio to the same quarter in the previous year, we see that in the fourth quarter of 2022 and the third quarter of 2022, the ratio was 0.16 and 0.18, respectively. This suggests a relatively consistent liquidity position for CDW Corp during these periods.
Overall, while the company's cash ratio has shown some variability over the past eight quarters, CDW Corp generally maintained a reasonable level of liquidity, with the ability to cover a significant portion of its current liabilities with its cash and cash equivalents. Investors and analysts may want to continue monitoring the trend in the cash ratio to assess CDW Corp's liquidity management.
Peer comparison
Dec 31, 2023