Crane NXT Co (CXT)
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 | 165,800 | 165,100 | 176,900 | 220,700 | 227,200 | 229,000 | 276,900 | 510,200 | 657,600 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 202,400 | — | — | — | 10,000 | — | — | — | — |
| Total current liabilities | US$ in thousands | 562,400 | 456,400 | 526,900 | 296,900 | 334,400 | 312,600 | 316,900 | 974,500 | 1,488,200 | 1,075,800 | 845,300 | 797,800 | 789,300 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Cash ratio | 0.29 | 0.36 | 0.34 | 0.74 | 0.68 | 0.73 | 0.87 | 0.52 | 0.44 | 0.41 | 0.77 | 0.64 | 0.61 | 0.59 | 0.51 | 0.57 | 0.52 | 0.48 | 0.48 | 0.29 |
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 fluctuated over the years, ranging from a low of 0.29 on December 31, 2024 to a high of 0.87 on June 30, 2023. This ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio signifies a stronger ability to meet short-term obligations without relying on external sources of funding.
Throughout the period analyzed, the cash ratio generally improved from 0.29 on March 31, 2020 to 0.74 on March 31, 2024, with some fluctuations in between. Notable increases were seen in the first half of 2023, where the ratio jumped from 0.52 on March 31, 2023 to 0.87 on June 30, 2023.
However, it is worth noting that the ratio declined towards the end of the period, dropping to 0.29 on December 31, 2024. This decrease may indicate a potential decrease in liquidity or an increase in short-term liabilities requiring attention and further monitoring.
Overall, the company's cash ratio trended positively over the years, indicating an improvement in liquidity and the ability to cover short-term obligations with available cash.
Peer comparison
Dec 31, 2024