Cinemark Holdings Inc (CNK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 229,900 | 612,400 | 247,200 | 707,300 | 655,338 |
| Short-term investments | US$ in thousands | — | 9,700 | — | 39 | 151,962 |
| Total current liabilities | US$ in thousands | 743,300 | 253,200 | 214,800 | 769,100 | 606,441 |
| Cash ratio | 0.31 | 2.46 | 1.15 | 0.92 | 1.33 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($229,900K
+ $—K)
÷ $743,300K
= 0.31
The cash ratio of Cinemark Holdings Inc has fluctuated over the years based on the available data. As of December 31, 2020, the cash ratio was 1.33, indicating that the company had $1.33 in cash to cover every $1 of current liabilities.
However, by December 31, 2021, the cash ratio had decreased to 0.92, suggesting a potential liquidity concern as the company had less cash available to meet its short-term obligations.
In the following years, there were fluctuations in the cash ratio, with the ratio improving to 1.15 by December 31, 2022, and significantly increasing to 2.46 by December 31, 2023, indicating a strong liquidity position.
Unexpectedly, by December 31, 2024, the cash ratio dropped to 0.31, signaling a potential liquidity challenge as the company had limited cash relative to its current liabilities.
Overall, while there were ups and downs in Cinemark Holdings Inc's cash ratio over the years, monitoring this ratio is crucial to assess the company's ability to cover its short-term liabilities with available cash resources.