Dorman Products Inc (DORM)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 57,137 | 36,814 | 46,034 | 58,782 | 155,576 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 563,802 | 547,151 | 678,295 | 665,048 | 322,645 |
| Cash ratio | 0.10 | 0.07 | 0.07 | 0.09 | 0.48 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($57,137K
+ $—K)
÷ $563,802K
= 0.10
The cash ratio of Dorman Products Inc has shown a downward trend over the years, declining from 0.48 in December 31, 2020 to 0.10 as of December 31, 2024. This indicates that the company's ability to cover its current liabilities with its cash and cash equivalents has decreased over the period. A cash ratio of less than 1 suggests that the company may have difficulty meeting its short-term obligations solely with its available cash resources. However, it is essential to consider other liquidity ratios and factors alongside the cash ratio to gain a more comprehensive understanding of Dorman Products Inc's overall liquidity position.
Peer comparison
Dec 31, 2024