CF Industries Holdings Inc (CF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,614,000 | 2,032,000 | 2,323,000 | 1,628,000 | 683,000 |
| Short-term investments | US$ in thousands | — | — | 268,000 | 55,000 | 80,000 |
| Total current liabilities | US$ in thousands | 818,000 | 800,000 | 995,000 | 1,432,000 | 906,000 |
| Cash ratio | 1.97 | 2.54 | 2.60 | 1.18 | 0.84 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,614,000K
+ $—K)
÷ $818,000K
= 1.97
The cash ratio of CF Industries Holdings Inc has shown an increasing trend over the years based on the provided data. Starting at 0.84 on December 31, 2020, the cash ratio improved steadily to 1.18 by December 31, 2021. Subsequently, there was a significant jump to 2.60 by December 31, 2022, indicating a substantial increase in the company's ability to cover its short-term liabilities with cash.
Although there was a slight dip to 2.54 by December 31, 2023, the cash ratio remained relatively high, suggesting the company maintained a strong liquidity position. By December 31, 2024, the cash ratio stood at 1.97, still indicating a healthy level of cash reserves compared to its short-term obligations.
Overall, the upward trend in CF Industries Holdings Inc's cash ratio signifies an improved liquidity position and ability to meet its short-term financial obligations with available cash.
Peer comparison
Dec 31, 2024