Curtiss-Wright Corporation (CW)
Cash ratio
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 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 406,867 | 148,809 | 158,737 | 130,659 | 256,974 | 113,552 | 171,414 | 136,682 | 171,004 | 234,416 | 197,508 | 147,069 | 198,248 | 426,821 | 155,383 | 157,757 | 391,033 | 297,712 | 216,344 | 154,428 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 806,544 | 775,379 | 720,927 | 672,190 | 981,045 | 840,364 | 1,059,210 | 800,251 | 734,867 | 765,143 | 774,472 | 734,802 | 810,377 | 665,834 | 661,978 | 629,057 | 744,731 | 648,105 | 637,869 | 603,268 |
Cash ratio | 0.50 | 0.19 | 0.22 | 0.19 | 0.26 | 0.14 | 0.16 | 0.17 | 0.23 | 0.31 | 0.26 | 0.20 | 0.24 | 0.64 | 0.23 | 0.25 | 0.53 | 0.46 | 0.34 | 0.26 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($406,867K
+ $—K)
÷ $806,544K
= 0.50
The cash ratio of Curtiss-Wright Corp. has shown some fluctuations over the past eight quarters. The trend indicates that the company has generally maintained a relatively healthy ability to cover its short-term liabilities with cash in the last two years.
In the most recent quarter (Q4 2023), the cash ratio stands at 0.59, which is significantly higher than the previous quarter's value of 0.28. This suggests that the company significantly improved its liquidity position and has a higher proportion of cash to meet its short-term obligations.
Looking back at the trend, the cash ratio has generally been above 0.2 in the last two years, indicating that Curtiss-Wright Corp. has consistently had enough cash on hand to cover its short-term liabilities. However, the ratio has fluctuated within a relatively narrow range, with the highest being 0.59 and the lowest at 0.24.
Overall, the company's cash ratio indicates that it has maintained a healthy liquidity position, allowing it to meet its short-term financial obligations. The improvement in the most recent quarter suggests that Curtiss-Wright Corp. has been managing its cash resources effectively.
Peer comparison
Dec 31, 2023