CNH Industrial N.V. (CNH)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,191,000 | 1,801,000 | 1,619,000 | 3,959,000 | 5,045,000 | 3,685,000 | 3,925,000 | 4,005,000 | 5,129,000 | 3,814,000 | 3,584,000 | 4,061,000 | 6,862,000 | 7,149,000 | 7,820,000 | 7,059,000 | 8,785,000 | 6,425,000 | 5,145,000 | 3,850,000 |
| Short-term investments | US$ in thousands | — | — | 94,000 | 72,000 | 90,000 | 98,000 | 102,000 | 79,000 | 105,000 | 146,000 | — | — | — | 274,000 | 464,000 | 357,000 | 392,000 | 526,000 | 1,733,000 | — |
| Total current liabilities | US$ in thousands | 14,800,000 | 4,174,000 | 7,330,000 | 5,504,000 | 17,494,000 | 5,795,000 | 6,136,000 | 5,885,000 | 15,406,000 | 4,846,000 | 5,258,000 | 5,533,000 | 19,611,000 | 390,000 | 407,000 | 388,000 | 389,000 | 362,000 | 349,000 | 301,000 |
| Cash ratio | 0.22 | 0.43 | 0.23 | 0.73 | 0.29 | 0.65 | 0.66 | 0.69 | 0.34 | 0.82 | 0.68 | 0.73 | 0.35 | 19.03 | 20.35 | 19.11 | 23.59 | 19.20 | 19.71 | 12.79 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,191,000K
+ $—K)
÷ $14,800,000K
= 0.22
The cash ratio of CNH Industrial N.V. has shown a fluctuating trend over the analyzed periods. Starting at a relatively high level of 12.79% as of March 31, 2020, the cash ratio increased steadily to reach its peak of 23.59% by December 31, 2020.
However, from the first quarter of 2021 onwards, the cash ratio started to exhibit more volatility, fluctuating between 19.03% and as low as 0.22% by the end of December 31, 2024.
The downward trend in the latter half of the analyzed periods suggests that the company may be experiencing challenges in maintaining adequate levels of cash to cover its current liabilities. It is advisable for stakeholders to monitor this trend closely as it could indicate liquidity issues that may impact the company's financial health and operations.
Peer comparison
Dec 31, 2024