Dover Corporation (DOV)
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 | 1,844,880 | 386,766 | 328,752 | 929,954 | 398,561 | 283,798 | 285,777 | 272,426 | 380,868 | 306,002 | 515,371 | 289,984 | 385,504 | 739,144 | 601,359 | 536,512 | 513,075 | 427,501 | 649,032 | 508,907 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,196,530 | 2,387,200 | 2,134,160 | 2,984,440 | 2,499,840 | 2,187,780 | 2,424,100 | 2,508,490 | 2,773,270 | 2,888,750 | 2,547,640 | 2,246,920 | 2,250,340 | 2,005,880 | 1,901,410 | 1,775,360 | 1,738,800 | 1,766,370 | 2,113,760 | 2,094,360 |
| Cash ratio | 0.84 | 0.16 | 0.15 | 0.31 | 0.16 | 0.13 | 0.12 | 0.11 | 0.14 | 0.11 | 0.20 | 0.13 | 0.17 | 0.37 | 0.32 | 0.30 | 0.30 | 0.24 | 0.31 | 0.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,844,880K
+ $—K)
÷ $2,196,530K
= 0.84
The cash ratio of Dover Corporation has shown fluctuations over the years. Initially, the ratio was below 0.3, indicating that the company had a lower proportion of cash and cash equivalents relative to its current liabilities. However, the ratio improved significantly in the later periods, reaching a peak of 0.84 on December 31, 2024. This suggests that Dover Corporation had a higher level of liquid assets to cover its short-term obligations at the end of 2024. It is important to note that a high cash ratio may also indicate that the company is holding excess cash rather than investing it in more profitable ventures. Monitoring this ratio over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024