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

Company name
Symbol
Cash ratio
Curtiss-Wright Corporation
CW
0.50
Eaton Corporation PLC
ETN
0.34
Enerpac Tool Group Corp
EPAC
1.30