Curtiss-Wright Corporation (CW)
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 | 385,042 | 443,850 | 382,564 | 338,034 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,095,950 | 986,655 | 896,516 | 858,275 | 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 |
| Cash ratio | 0.35 | 0.45 | 0.43 | 0.39 | 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 |
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 fluctuated over the past few years. Starting from March 31, 2020, with a ratio of 0.25, it decreased to 0.23 by June 30, 2020, before experiencing a significant increase to 0.64 by September 30, 2020. The ratio then declined to 0.24 by December 31, 2020.
Throughout 2021 and 2022, the cash ratio continued to fluctuate within a relatively narrow range, with values ranging from 0.16 to 0.31. Notably, the ratio saw a jump to 0.50 on December 31, 2023, reflecting a higher proportion of cash on hand compared to current liabilities.
In the most recent periods, the cash ratio decreased slightly but remained relatively healthy, hovering between 0.35 and 0.45. This indicates that Curtiss-Wright Corporation has a moderate level of cash reserves relative to its short-term obligations, suggesting some liquidity strength.
Overall, while the cash ratio has shown some variability, it generally reflects a prudent approach to managing liquidity by maintaining a sufficient level of cash to cover short-term liabilities.
Peer comparison
Dec 31, 2024