CF Industries Holdings Inc (CF)
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 | 2,032,000 | 3,254,000 | 3,219,000 | 2,825,000 | 2,323,000 | 2,192,000 | 2,370,000 | 2,617,000 | 1,628,000 | 757,000 | 777,000 | 804,000 | 683,000 | 553,000 | 563,000 | 753,000 | 287,000 | 1,019,000 | 858,000 | 671,000 |
| Short-term investments | US$ in thousands | — | 374,000 | 244,000 | 294,000 | 268,000 | 222,000 | 218,000 | 86,000 | 55,000 | 92,000 | 82,000 | 91,000 | 80,000 | 86,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 800,000 | 926,000 | 622,000 | 862,000 | 995,000 | 1,381,000 | 1,097,000 | 2,228,000 | 1,432,000 | 1,015,000 | 643,000 | 891,000 | 906,000 | 681,000 | 615,000 | 1,235,000 | 665,000 | 1,245,000 | 1,042,000 | 826,000 |
| Cash ratio | 2.54 | 3.92 | 5.57 | 3.62 | 2.60 | 1.75 | 2.36 | 1.21 | 1.18 | 0.84 | 1.34 | 1.00 | 0.84 | 0.94 | 0.92 | 0.61 | 0.43 | 0.82 | 0.82 | 0.81 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,032,000K
+ $—K)
÷ $800,000K
= 2.54
CF Industries Holdings Inc's cash ratio has shown fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio is generally considered favorable as it indicates a stronger ability to meet short-term obligations.
In Q2 2023, the cash ratio was at its highest point of 5.41, indicating a significant increase in the company's liquidity compared to previous quarters. This suggests that CF Industries Holdings Inc had a substantial amount of cash available to cover its short-term liabilities at that time.
However, in Q1 2023, the cash ratio decreased to 3.41, showing a slight dip in liquidity compared to the previous quarter. Despite the decrease, the ratio remained relatively strong, indicating that the company still had a healthy level of cash on hand to address short-term financial obligations.
Looking back further, the cash ratio in Q4 2022 was 2.63, which was lower than in Q2 and Q3 of the same year. This suggests that CF Industries Holdings Inc faced a slightly tighter liquidity position in that quarter.
Overall, the cash ratio for CF Industries Holdings Inc has varied over the past eight quarters, with some periods demonstrating stronger liquidity positions than others. It is important for investors and analysts to monitor these fluctuations to assess the company's ability to manage its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023