Catalent Inc (CTLT)
Cash ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 243,400 |
| 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 | 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 | 615,800 |
| Cash ratio | 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 | 0.40 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($289,000K
+ $—K)
÷ $1,031,000K
= 0.28
The cash ratio for Catalent Inc has fluctuated over the past few quarters, ranging from a low of 0.14 to a high of 1.84. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term liabilities.
In the latest quarter, the cash ratio was 0.28, which suggests that Catalent Inc had $0.28 in cash and cash equivalents for every $1 of current liabilities. This indicates that the company has enough liquid assets to cover its short-term obligations but may not have a significant buffer.
It is important to note that the cash ratio has been fluctuating over the quarters, indicating potential variability in Catalent Inc's liquidity position. It is essential for the company to maintain a balance between cash reserves and investments to ensure financial stability and flexibility in meeting its short-term obligations.
Further analysis and comparison with industry benchmarks and competitors' cash ratios would provide more insights into Catalent Inc's liquidity position and financial health.
Peer comparison
Jun 30, 2024