PC Connection Inc (CNXN)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 178,318 144,954 122,930 108,310 95,655
Short-term investments US$ in thousands 264,295 152,232
Total current liabilities US$ in thousands 371,205 327,965 310,517 374,632 342,260
Cash ratio 1.19 0.91 0.40 0.29 0.28

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($178,318K + $264,295K) ÷ $371,205K
= 1.19

The cash ratio of PC Connection Inc has shown a positive trend over the years, increasing from 0.28 in December 2020 to 1.19 in December 2024. This indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents has improved significantly. The ratio surpassed 1 in December 2023, suggesting that the company had more than enough cash to cover its current liabilities at that point in time. Overall, the increasing trend in the cash ratio demonstrates an improved liquidity position for PC Connection Inc, enhancing its ability to meet its short-term obligations using readily available cash resources.


Peer comparison

Dec 31, 2024