CSW Industrials, Inc. (CSW)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 37,990 | 225,845 | 213,754 | 273,220 | 18,852 | 22,156 | 24,988 | 13,846 | 14,788 | 18,455 | 14,721 | 13,558 | 15,519 | 16,619 | 16,184 | 17,329 | 15,677 | 10,088 | 18,260 | 47,299 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,197 | 1,186 | 942 | 1,550 | 1,472 | 877 | — | 128 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 157,896 | 147,202 | 134,715 | 159,450 | 121,485 | 115,836 | 111,127 | 112,702 | 106,445 | 108,039 | 109,376 | 111,881 | 121,814 | 117,402 | 98,426 | 85,714 | 91,727 | 82,748 | 76,759 | 57,410 |
| Cash ratio | 0.24 | 1.53 | 1.59 | 1.71 | 0.17 | 0.20 | 0.23 | 0.14 | 0.15 | 0.18 | 0.13 | 0.12 | 0.13 | 0.14 | 0.16 | 0.20 | 0.17 | 0.12 | 0.24 | 0.82 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($37,990K
+ $—K)
÷ $157,896K
= 0.24
The cash ratio of CSW Industrials, Inc. demonstrates notable fluctuations over the analyzed period. Initially, as of September 30, 2020, the ratio stood at 0.82, indicating that the company's cash and cash equivalents were more than sufficient to cover current liabilities. This level decreased significantly by December 31, 2020, falling to 0.24, and continued a declining trend through March 31, 2021, reaching a low of 0.12. Similar lows persisted into June 30, 2021, and subsequent quarters, with ratios generally remaining in the range of approximately 0.12 to 0.20 through September 30, 2023. Throughout this period, the cash ratio indicates a conservative liquidity position, with cash alone covering a modest portion of current liabilities.
A significant shift is observed towards the end of the period. Starting from September 30, 2024, the cash ratio markedly increases to 1.71, and further to 1.59 as of December 31, 2024. This sharply elevated ratio suggests that cash and cash equivalents substantially surpass current liabilities, reflecting a period of high liquidity or a substantial accumulation of cash assets. The ratio remains high into March 31, 2025, at 1.53, before decreasing to 0.24 by June 30, 2025, implying a rapid reduction in available cash reserves relative to current liabilities.
Overall, the company's cash ratio indicates periods of conservative liquidity management, especially in the later part of 2024, contrasted with earlier periods of more limited immediate cash coverage. The significant increase at the end of 2024 could be attributable to strategic liquidity buildup, asset sales, or other cash-increasing activities. The subsequent decrease may reflect cash utilization for investments, debt repayment, or operational needs.
Peer comparison
Jun 30, 2025