PC Connection Inc (CNXN)
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 | 178,318 | 167,511 | 128,213 | 147,579 | 144,954 | 240,509 | 243,983 | 134,810 | 122,930 | 116,190 | 94,896 | 67,409 | 108,310 | 89,728 | 115,665 | 92,257 | 95,655 | 108,051 | 165,943 | 111,323 |
| Short-term investments | US$ in thousands | 264,295 | 261,603 | 257,590 | 204,374 | 152,232 | 48,894 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 371,205 | 367,453 | 388,642 | 289,808 | 327,965 | 339,963 | 347,305 | 318,309 | 310,517 | 352,920 | 366,883 | 369,803 | 374,632 | 293,348 | 330,494 | 274,944 | 342,260 | 338,360 | 308,207 | 277,309 |
| Cash ratio | 1.19 | 1.17 | 0.99 | 1.21 | 0.91 | 0.85 | 0.70 | 0.42 | 0.40 | 0.33 | 0.26 | 0.18 | 0.29 | 0.31 | 0.35 | 0.34 | 0.28 | 0.32 | 0.54 | 0.40 |
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 fluctuations over the past few years, ranging from 0.18 to 1.21. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In the most recent period of December 31, 2024, PC Connection Inc had a cash ratio of 1.19, indicating an improvement in its liquidity position compared to previous periods. This suggests the company has a sufficient level of cash to meet its short-term liabilities comfortably.
It is worth noting that the cash ratio peaked at 1.21 on March 31, 2024, signaling a particularly strong liquidity position at that point in time. Conversely, the cash ratio hit its lowest point at 0.18 on March 31, 2022, reflecting a relatively weaker liquidity position during that period.
Overall, the upward trend in the cash ratio over the past few quarters suggests an improving liquidity position for PC Connection Inc. This indicates a positive sign of the company's ability to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2024