Crane NXT Co (CXT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 165,800 | 227,200 | 657,600 | 478,600 | 551,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 562,400 | 334,400 | 1,488,200 | 789,300 | 1,056,600 |
| Cash ratio | 0.29 | 0.68 | 0.44 | 0.61 | 0.52 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($165,800K
+ $—K)
÷ $562,400K
= 0.29
The cash ratio of Crane NXT Co has shown some fluctuations over the past five years. Starting at 0.52 on December 31, 2020, the ratio increased to 0.61 by December 31, 2021, indicating an improvement in the company's ability to cover its short-term liabilities with cash. However, by December 31, 2022, the cash ratio declined to 0.44, signaling a potential decrease in liquidity.
The trend reversed in the following years, with the cash ratio increasing to 0.68 by December 31, 2023, representing a stronger position in terms of cash reserves. Yet, the ratio dropped to 0.29 by December 31, 2024, indicating a significant decrease in the ability to cover short-term liabilities with available cash.
Overall, the cash ratio of Crane NXT Co has displayed variability, with periods of improvement followed by declines. It is essential for the company to closely monitor its cash reserves and liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024