CSW Industrials Inc (CSWI)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 19,687 | 18,338 | 39,884 |
| Short-term investments | US$ in thousands | — | 1,197 | 1,186 | 942 | 1,550 | 1,472 | 877 | 379 | 128 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 53,953 | 59,146 | 53,279 |
| Cash ratio | 1.71 | 0.17 | 0.20 | 0.23 | 0.14 | 0.15 | 0.18 | 0.14 | 0.12 | 0.13 | 0.14 | 0.16 | 0.20 | 0.17 | 0.12 | 0.24 | 0.82 | 0.36 | 0.31 | 0.75 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($273,220K
+ $—K)
÷ $159,450K
= 1.71
The cash ratio of CSW Industrials Inc has varied over the past few quarters, indicating fluctuations in the company's ability to cover its short-term liabilities with cash and cash equivalents.
The cash ratio has generally been below 1, suggesting that the company may not have enough liquid assets to cover its current liabilities fully. However, there was a significant improvement in the cash ratio in the most recent quarter, reaching 1.71, indicating that CSW Industrials Inc had a substantial amount of cash and cash equivalents on hand relative to its short-term obligations.
It is important to note that a very high cash ratio may also signify that the company is not efficiently utilizing its cash and could potentially invest it in more profitable opportunities. On the other hand, a consistently low cash ratio could raise concerns about the company's liquidity and ability to meet its short-term obligations.
Overall, analyzing the trend of the cash ratio over time can provide valuable insights into the company's financial health, liquidity position, and management of cash resources.
Peer comparison
Sep 30, 2024