Dupont De Nemours Inc (DD)
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 | 2,392,000 | 1,338,000 | 4,885,000 | 3,525,000 | 3,662,000 | 1,785,000 | 1,439,000 | 1,672,000 | 1,972,000 | 1,670,000 | 3,962,000 | 4,384,000 | 2,544,000 | 4,008,000 | 3,737,000 | 1,748,000 | 1,540,000 | 2,107,000 | 1,661,000 | 11,543,000 |
| Short-term investments | US$ in thousands | 0 | — | — | 1,319,000 | 1,302,000 | — | 8,000 | — | 0 | 1,029,000 | 1,068,000 | 2,001,000 | 1,083,000 | 147,000 | 31,000 | 31,000 | 0 | 6,000 | 8,000 | 119,000 |
| Total current liabilities | US$ in thousands | 3,098,000 | 3,688,000 | 3,739,000 | 3,406,000 | 3,733,000 | 6,014,000 | 5,494,000 | 5,122,000 | 4,931,000 | 4,221,000 | 3,940,000 | 5,667,000 | 12,226,000 | 6,984,000 | 8,010,000 | 8,545,000 | 8,346,000 | 6,616,000 | 6,457,000 | 28,580,000 |
| Cash ratio | 0.77 | 0.36 | 1.31 | 1.42 | 1.33 | 0.30 | 0.26 | 0.33 | 0.40 | 0.64 | 1.28 | 1.13 | 0.30 | 0.59 | 0.47 | 0.21 | 0.18 | 0.32 | 0.26 | 0.41 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,392,000K
+ $0K)
÷ $3,098,000K
= 0.77
DuPont de Nemours Inc's cash ratio has varied over the last eight quarters, ranging from a low of 0.30 in Q2 2022 to a high of 1.47 in Q1 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2023, the cash ratio was 0.83, indicating that the company had $0.83 in cash and cash equivalents for every $1 of current liabilities. This represents an improvement from the previous quarter, where the cash ratio was 0.42.
The increasing trend in the cash ratio seen from Q2 2022 to Q1 2023 suggests that DuPont de Nemours Inc was more liquid and had a stronger ability to meet its short-term obligations with cash on hand during this period.
However, it is essential to consider other factors influencing liquidity and financial health when analyzing the company's overall financial performance.
Peer comparison
Dec 31, 2023