Catalent Inc (CTLT)
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 | 335,000 | 289,000 | 162,000 | 229,000 | 209,000 | 280,000 | 252,000 | 442,000 | 281,000 | 449,000 | 786,000 | 849,000 | 1,969,000 | 896,000 | 988,100 | 833,000 | 1,007,000 | 953,000 | 608,400 | 188,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 89,000 | 28,000 | 64,000 | 89,000 | 94,000 | 66,000 | 50,000 | 71,000 | 74,700 | 100 | — | 200 | — | — |
| Total current liabilities | US$ in thousands | 998,000 | 1,031,000 | 1,007,000 | 1,036,000 | 1,534,000 | 1,530,000 | 1,487,000 | 1,552,000 | 969,000 | 1,098,000 | 1,046,000 | 1,045,000 | 1,096,000 | 1,196,000 | 1,139,200 | 1,024,000 | 919,700 | 893,000 | 917,100 | 658,100 |
| Cash ratio | 0.34 | 0.28 | 0.16 | 0.22 | 0.14 | 0.18 | 0.23 | 0.30 | 0.36 | 0.49 | 0.84 | 0.88 | 1.84 | 0.81 | 0.93 | 0.81 | 1.09 | 1.07 | 0.66 | 0.29 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($335,000K
+ $—K)
÷ $998,000K
= 0.34
The cash ratio of Catalent Inc has fluctuated over the past few years, indicating the company's ability to cover its short-term liabilities with cash and cash equivalents. The trend shows that the cash ratio has generally been above 1 in recent years, which indicates a healthy level of liquidity.
In the most recent period, the cash ratio was 0.34, which indicates that the company has $0.34 in cash and cash equivalents for every $1 of current liabilities. While the ratio has decreased from the previous quarter, it remains above 0.20, which is considered a desirable benchmark for a company's cash position.
Looking at the historical data, there have been fluctuations in the cash ratio, with some periods showing a significant increase or decrease. For example, in the first quarter of 2022, the cash ratio spiked to 0.84, indicating a strong cash position at that time. However, it dropped sharply in the second quarter of 2022 to 0.49, before eventually recovering.
Overall, the cash ratio of Catalent Inc demonstrates the company's ability to meet its short-term obligations with its available cash resources, indicating a sound liquidity position.
Peer comparison
Sep 30, 2024