Cinemark Holdings Inc (CNK)
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 | 612,400 | 10,800 | 758,000 | 650,100 | 247,200 | 631,900 | 695,100 | 568,600 | 707,300 | 543,013 | 595,884 | 512,828 | 655,338 | 825,706 | 571,755 | 479,399 | 488,313 | 482,772 | 511,392 | 425,194 |
| Short-term investments | US$ in thousands | — | -19,600 | 14,300 | 11,200 | — | 9,900 | 4,300 | — | 39 | — | 147,629 | 145,458 | 151,962 | 250,434 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 253,200 | 651,900 | 744,700 | 740,900 | 214,800 | 628,400 | 725,800 | 645,600 | 769,100 | 642,777 | 651,722 | 594,510 | 606,441 | 623,877 | 596,119 | 600,427 | 708,800 | 639,779 | 700,195 | 656,978 |
| Cash ratio | 2.42 | -0.01 | 1.04 | 0.89 | 1.15 | 1.02 | 0.96 | 0.88 | 0.92 | 0.84 | 1.14 | 1.11 | 1.33 | 1.72 | 0.96 | 0.80 | 0.69 | 0.75 | 0.73 | 0.65 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($612,400K
+ $—K)
÷ $253,200K
= 2.42
The cash ratio of Cinemark Holdings Inc has been fluctuating over the past eight quarters, ranging from 0.68 to 1.33. The cash ratio measures the company's ability to cover its short-term liabilities solely with its readily available cash and cash equivalents.
In the most recent quarter, Q4 2023, the cash ratio stands at 1.23, indicating that the company has $1.23 of cash and cash equivalents for every $1 of its current liabilities. This suggests that the company has a strong position to meet its short-term obligations using its liquid assets.
The trend in the cash ratio shows improvement from the low of 0.68 in Q4 2022 to the high of 1.33 in Q3 2023. However, the ratio dipped slightly in the last quarter compared to Q3 2023, indicating a decrease in the company's ability to cover its short-term liabilities with its existing cash reserves.
Overall, while the cash ratio of Cinemark Holdings Inc has displayed some variability, it currently indicates a healthy liquidity position, albeit showing a slight decline in the most recent quarter. Potential factors affecting this trend could include changes in the company's cash reserves, investments, or short-term liabilities.