Crane NXT Co (CXT)
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 | 227,200 | 229,000 | 276,900 | 510,200 | 230,700 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 | 393,900 | 388,800 | 307,000 | 256,800 |
| Short-term investments | US$ in thousands | — | — | — | — | 426,900 | — | — | — | — | — | — | — | — | — | — | — | — | — | 12,000 | — |
| Total current liabilities | US$ in thousands | 334,400 | 312,600 | 316,900 | 974,500 | 631,400 | 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 | 916,700 | 649,000 | 634,600 | 703,700 |
| Cash ratio | 0.68 | 0.73 | 0.87 | 0.52 | 1.04 | 0.41 | 0.77 | 0.39 | 0.61 | 0.59 | 0.51 | 0.56 | 0.52 | 0.48 | 0.48 | 0.29 | 0.43 | 0.60 | 0.50 | 0.36 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($227,200K
+ $—K)
÷ $334,400K
= 0.68
The cash ratio of Crane NXT Co has fluctuated over the past 20 quarters, ranging from a low of 0.29 to a high of 1.04. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the recent quarters, the cash ratio has been above 1, indicating that the company has more than enough cash to cover its short-term obligations. This suggests a strong liquidity position and ability to meet its financial commitments without relying on external sources of funding.
However, the cash ratio dipped to 0.29 in one quarter, which may indicate a potential liquidity strain or a temporary decrease in cash holdings relative to its current liabilities. It would be important for the company to analyze the reasons behind such fluctuations and ensure that it maintains an adequate level of cash reserves to mitigate any potential liquidity risks.
Overall, the trend in Crane NXT Co's cash ratio suggests that the company has generally maintained a healthy liquidity position over the analyzed period, which is a positive indicator for its financial stability and ability to navigate short-term cash flow challenges.
Peer comparison
Dec 31, 2023