Crane Company (CR)
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 | 306,700 | 258,200 | 229,300 | 219,400 | 329,600 | 273,800 | 218,900 | 510,200 | 657,600 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 30,000 | 10,000 | — | 60,000 | — | — |
| Total current liabilities | US$ in thousands | 520,100 | 572,100 | 520,600 | 492,800 | 467,100 | 415,600 | 401,100 | 974,500 | 1,477,900 | 1,075,800 | 845,300 | 797,800 | 795,200 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Cash ratio | 0.59 | 0.45 | 0.44 | 0.45 | 0.71 | 0.66 | 0.55 | 0.52 | 0.44 | 0.41 | 0.77 | 0.39 | 0.60 | 0.59 | 0.55 | 0.57 | 0.52 | 0.53 | 0.48 | 0.29 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($306,700K
+ $—K)
÷ $520,100K
= 0.59
The cash ratio of Crane Company has shown fluctuations over the past few years. The ratio stood at 0.29 as of March 31, 2020, indicating that the company had only 29 cents in cash and cash equivalents for every dollar of current liabilities. However, this ratio improved steadily to reach 0.60 as of December 31, 2021, signaling an increase in the company's ability to cover its short-term obligations with cash on hand.
Subsequently, the cash ratio dipped to 0.39 by March 31, 2022, before experiencing a significant surge to 0.77 by June 30, 2022. This spike suggests a notable strengthening of the company's liquidity position during that particular quarter.
Despite the peak in June 2022, the cash ratio began to decline again and fluctuated between 0.41 and 0.71 up to December 31, 2024. Overall, the trend in the cash ratio reflects varying levels of liquidity management by Crane Company over the period, with the company having more or less cash available to cover its short-term obligations at different points in time.
Peer comparison
Dec 31, 2024