Crane Company (CR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 306,700 | 329,600 | 657,600 | 478,600 | 551,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 543,400 | 467,100 | 1,477,900 | 795,200 | 1,056,600 |
| Cash ratio | 0.56 | 0.71 | 0.44 | 0.60 | 0.52 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($306,700K
+ $—K)
÷ $543,400K
= 0.56
The cash ratio of Crane Company has fluctuated over the past five years. In December 2020, the cash ratio was 0.52, indicating that the company had $0.52 of cash for every $1 of current liabilities.
In the following years, the cash ratio improved to 0.60 by December 2021, suggesting the company had increased its cash reserves compared to its current liabilities.
However, by December 2022, the cash ratio decreased to 0.44, reflecting a lower proportion of cash to cover current liabilities, which may indicate potential liquidity challenges.
The trend reversed in December 2023 when the cash ratio rose significantly to 0.71, indicating a strengthened liquidity position with ample cash to meet short-term obligations.
By December 2024, the cash ratio declined slightly to 0.56, still indicating a reasonable level of liquidity but lower than the peak in 2023.
Overall, Crane Company's cash ratio demonstrates variability in its ability to cover short-term obligations with cash, with fluctuations that may require further analysis to understand the factors influencing the company's liquidity position.
Peer comparison
Dec 31, 2024