Chesapeake Utilities Corporation (CPK)
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 | 7,900 | 1,609 | 6,430 | 1,695 | 4,904 | 1,793 | 4,169 | 3,065 | 6,204 | 2,480 | 4,186 | 5,208 | 4,976 | 5,886 | 5,011 | 5,575 | 3,499 | 3,056 | 3,590 | 3,982 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 11,490 | 11,745 | 10,883 | 10,776 | 9,680 | — | — |
| Total current liabilities | US$ in thousands | 419,400 | 434,811 | 410,193 | 371,655 | 386,384 | 288,410 | 255,157 | 246,779 | 369,023 | 328,851 | 287,291 | 279,713 | 376,433 | 354,542 | 322,256 | 316,002 | 329,032 | 359,972 | 429,823 | 402,496 |
| Cash ratio | 0.02 | 0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.01 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,900K
+ $—K)
÷ $419,400K
= 0.02
The cash ratio of Chesapeake Utilities Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. 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 meet short-term obligations.
The company's cash ratio remained relatively low and stable around 0.01 to 0.05 from March 2020 to December 2021, suggesting that the company had limited liquid assets compared to its short-term debts during this period. However, there was a slight improvement in the cash ratio in the later period, reaching 0.02 in March 2022, June 2022, and December 2022.
Subsequently, the cash ratio decreased to 0.00 in March 2024 and September 2024, indicating that the company had minimal cash reserves relative to its short-term liabilities during these periods. However, the company's cash ratio recovered to 0.02 in June 2024 and December 2024.
Overall, Chesapeake Utilities Corporation's cash ratio exhibited variability, with periods of improvement and decline. It is essential for the company to maintain an adequate level of cash reserves to meet its short-term obligations and ensure financial stability.
Peer comparison
Dec 31, 2024