CNH Industrial N.V. (CNH)
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 | 1,801,000 | 2,002,000 | 3,236,000 | 4,322,000 | 2,979,000 | 3,194,000 | 3,213,000 | 4,376,000 | 3,154,000 | 2,855,000 | 3,219,000 | 5,044,000 | 7,149,000 | 7,820,000 | 7,059,000 | 8,785,000 | 6,425,000 | 5,145,000 | 3,850,000 | 4,875,000 |
| Short-term investments | US$ in thousands | — | 94,000 | 72,000 | 90,000 | 98,000 | 102,000 | 79,000 | 105,000 | 146,000 | — | — | 254,000 | 274,000 | 464,000 | 357,000 | 392,000 | 526,000 | 1,733,000 | — | 0 |
| Total current liabilities | US$ in thousands | 21,000 | 21,000 | 23,000 | 24,000 | 19,000 | 16,000 | 4,000 | 16,000 | 12,000 | 11,000 | 10,000 | 367,000 | 390,000 | 407,000 | 388,000 | 389,000 | 362,000 | 349,000 | 301,000 | 319,000 |
| Cash ratio | 85.76 | 99.81 | 143.83 | 183.83 | 161.95 | 206.00 | 823.00 | 280.06 | 275.00 | 259.55 | 321.90 | 14.44 | 19.03 | 20.35 | 19.11 | 23.59 | 19.20 | 19.71 | 12.79 | 15.28 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,801,000K
+ $—K)
÷ $21,000K
= 85.76
The cash ratio of CNH Industrial N.V. has fluctuated over the periods indicated in the table, ranging from as low as 12.79 to as high as 823.00. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. Higher cash ratios indicate a stronger ability to cover short-term obligations without relying on external financing.
In the most recent period of September 30, 2024, the cash ratio was 85.76, indicating that the company had sufficient cash and cash equivalents to cover 85.76% of its current liabilities. This suggests a relatively healthy liquidity position.
It is worth noting the significant spike in the cash ratio to 823.00 on March 31, 2023. Such an exceptionally high ratio may be due to a temporary increase in cash reserves or a decrease in short-term liabilities during that period.
Overall, while the cash ratio of CNH Industrial N.V. has varied substantially, investors and analysts should monitor this metric over time to assess the company's liquidity health and its ability to meet short-term obligations from its cash resources.
Peer comparison
Sep 30, 2024