Curtiss-Wright Corporation (CW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 385,042 | 406,867 | 256,974 | 171,004 | 198,248 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,095,950 | 806,544 | 981,045 | 734,867 | 810,377 |
| Cash ratio | 0.35 | 0.50 | 0.26 | 0.23 | 0.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($385,042K
+ $—K)
÷ $1,095,950K
= 0.35
The cash ratio of Curtiss-Wright Corporation has shown some fluctuations over the years. As of December 31, 2020, the cash ratio was 0.24, which indicates that for every dollar of current liabilities, the company had $0.24 in cash or cash equivalents. In the following year, the ratio decreased slightly to 0.23, suggesting a slight decrease in the company's ability to cover its short-term liabilities with cash on hand.
However, as of December 31, 2022, the cash ratio increased to 0.26, showing some improvement in the company's liquidity position. This trend continued in the subsequent years, with the ratio reaching 0.50 as of December 31, 2023, indicating a substantial increase in the company's ability to meet its short-term obligations with cash reserves.
By December 31, 2024, the cash ratio decreased to 0.35, but it still reflects a healthy liquidity position for Curtiss-Wright Corporation. Overall, the company has demonstrated an ability to manage its short-term liabilities with available cash or cash equivalents, with fluctuations in the ratio possibly influenced by changes in the company's cash holdings or short-term liabilities during the period under consideration.
Peer comparison
Dec 31, 2024