California Water Service Group (CWT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 50,121 | 39,591 | 62,100 | 78,380 | 44,555 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 538,364 | 430,339 | 294,650 | 256,576 | 588,706 |
| Cash ratio | 0.09 | 0.09 | 0.21 | 0.31 | 0.08 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,121K
+ $—K)
÷ $538,364K
= 0.09
The cash ratio of California Water Service Group has shown fluctuations over the past five years. Starting at 0.08 on December 31, 2020, it increased significantly to 0.31 on December 31, 2021, indicating an improved ability to cover short-term liabilities with cash and cash equivalents. However, the ratio declined to 0.21 by December 31, 2022, suggesting a decrease in the company's liquidity position. Subsequently, it dropped to 0.09 on both December 31, 2023, and December 31, 2024, potentially indicating a lower ability to meet immediate obligations solely with cash on hand. Overall, the varying trend in the cash ratio highlights the importance of monitoring liquidity levels to ensure financial stability and meet short-term obligations effectively.
Peer comparison
Dec 31, 2024