Cinemark Holdings Inc (CNK)
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 | 229,900 | 928,300 | 788,800 | 788,600 | 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 |
| Short-term investments | US$ in thousands | — | — | 7,900 | 7,900 | 9,700 | -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 | 743,300 | 1,156,500 | 780,500 | 664,000 | 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 |
| Cash ratio | 0.31 | 0.80 | 1.02 | 1.20 | 2.46 | -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 |
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 reported periods. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From March 31, 2020, to March 31, 2022, the cash ratio generally ranged between 0.80 and 1.15, indicating that the company had sufficient cash to cover its short-term obligations during this period.
There were notable peaks in the cash ratio at December 31, 2020 (1.33) and December 31, 2023 (2.46), suggesting an improved liquidity position during those quarters.
However, there were also instances where the cash ratio dropped significantly, such as at September 30, 2023 (-0.01) and December 31, 2024 (0.31), which may raise concerns about the company's ability to meet its short-term obligations with cash alone.
It is essential for investors and stakeholders to monitor Cinemark's cash ratio over time to assess the company's liquidity risk and financial health. Further analysis of the company's cash management practices and overall financial situation would provide a more comprehensive understanding of its liquidity position.