Carlisle Companies Incorporated (CSL)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 576,700 | 108,000 | 379,300 | 423,900 | 364,800 | 592,800 | 344,700 | 291,700 | 324,400 | 295,600 | 713,300 | 761,000 | 897,100 | 711,400 | 728,100 | 1,187,700 | 351,200 | 658,100 | 422,000 | 516,600 |
| Short-term investments | US$ in thousands | — | — | — | — | 35,200 | — | — | — | — | — | — | — | 5,100 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,186,300 | 875,600 | 1,045,300 | 930,000 | 1,078,400 | 1,552,100 | 1,259,700 | 1,188,600 | 1,169,500 | 851,300 | 761,700 | 660,100 | 646,200 | 645,700 | 613,900 | 602,700 | 899,000 | 692,200 | 649,900 | 633,200 |
| Cash ratio | 0.49 | 0.12 | 0.36 | 0.46 | 0.37 | 0.38 | 0.27 | 0.25 | 0.28 | 0.35 | 0.94 | 1.15 | 1.40 | 1.10 | 1.19 | 1.97 | 0.39 | 0.95 | 0.65 | 0.82 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($576,700K
+ $—K)
÷ $1,186,300K
= 0.49
The cash ratio measures a company's ability to cover its short-term liabilities using only its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Based on the data provided for Carlisle Companies Inc., we observe some fluctuations in the cash ratio over the past eight quarters. In Q4 2023, the cash ratio stood at 0.59, reflecting an improvement compared to the previous quarter.
The cash ratio was relatively low in Q3 2023 at 0.27, indicating a potential liquidity strain during that period. However, the ratio increased to 0.54 in Q2 2023, showing a positive trend.
The highest cash ratio in recent quarters was noted in Q1 2023 at 0.69, suggesting that Carlisle Companies Inc. had a strong ability to meet its short-term obligations with its available cash resources at that time.
Comparing the latest data with the same quarter of the previous year, we can see that in Q4 2022, the cash ratio was slightly lower at 0.62. However, it has shown an overall improvement since Q1 2022 when the ratio was 0.42.
In conclusion, while the cash ratio of Carlisle Companies Inc. has fluctuated over the past eight quarters, the most recent data point of 0.59 indicates a relatively healthy liquidity position for the company. It is important to monitor future trends in the cash ratio to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023