CTS Corporation (CTS)

Cash ratio

		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	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	94,334	94,875	161,246	162,425	163,876	160,112	150,878	143,537	156,910	147,908	98,739	126,118	141,465	128,527	117,397	103,392	91,773	131,740	145,981	150,955
Short-term investments	US$ in thousands	—	—	1,183	1,193	1,121	1,532	1,629	1,451	1,561	1,258	679	43	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	97,553	103,799	92,447	95,948	97,039	103,426	107,182	105,776	112,532	121,939	115,376	115,040	114,066	105,072	102,311	106,710	104,932	95,119	77,771	93,238
Cash ratio		0.97	0.91	1.76	1.71	1.70	1.56	1.42	1.37	1.41	1.22	0.86	1.10	1.24	1.22	1.15	0.97	0.87	1.39	1.88	1.62

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($94,334K + $—K) ÷ $97,553K
= 0.97

The cash ratio of CTS Corporation has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio started at 1.62 on March 31, 2020, indicating that the company had $1.62 in cash and cash equivalents for every $1 of its current liabilities. The ratio improved to 1.88 by June 30, 2020, showing an increase in the company's ability to cover short-term obligations with its available cash.

However, by December 31, 2020, the cash ratio dropped to 0.87, signaling a decrease in liquidity compared to the previous periods. The trend continued with the ratio slightly recovering to 0.97 on March 31, 2021, and then increasing to 1.15 by June 30, 2021. This improvement suggested a better position in meeting short-term obligations with available cash.

Subsequently, the cash ratio fluctuated between 1.10 and 1.76 from March 31, 2022, to June 30, 2024, showing some variability in liquidity levels. Notably, on September 30, 2024, the cash ratio declined to 0.91, indicating a lower ability to cover current liabilities with cash reserves. This decreasing trend continued as of December 31, 2024, with the ratio standing at 0.97.

Overall, the cash ratio analysis for CTS Corporation reveals varying levels of liquidity over the analyzed period, indicating fluctuations in the company's ability to meet short-term financial obligations with cash on hand.