Dow Inc (DOW)
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 | 2,189,000 | 2,883,000 | 3,341,000 | 3,723,000 | 2,987,000 | 3,080,000 | 2,924,000 | 3,319,000 | 3,886,000 | 2,216,000 | 2,367,000 | 3,143,000 | 2,988,000 | 2,911,000 | 3,491,000 | 4,133,000 | 5,104,000 | 4,549,000 | 3,724,000 | 3,633,000 |
| Short-term investments | US$ in thousands | — | 1,303,000 | 570,000 | 771,000 | 1,705,000 | 15,000 | 20,000 | 637,000 | 949,000 | 158,000 | 181,000 | 258,000 | 265,000 | 166,000 | 105,000 | 72,000 | 45,000 | 30,000 | 2,000 | 1,000 |
| Total current liabilities | US$ in thousands | 10,288,000 | 10,827,000 | 10,308,000 | 10,249,000 | 9,957,000 | 10,248,000 | 9,649,000 | 10,489,000 | 11,331,000 | 12,315,000 | 13,309,000 | 13,054,000 | 13,226,000 | 12,793,000 | 12,308,000 | 11,354,000 | 11,108,000 | 10,207,000 | 9,786,000 | 11,121,000 |
| Cash ratio | 0.21 | 0.39 | 0.38 | 0.44 | 0.47 | 0.30 | 0.31 | 0.38 | 0.43 | 0.19 | 0.19 | 0.26 | 0.25 | 0.24 | 0.29 | 0.37 | 0.46 | 0.45 | 0.38 | 0.33 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,189,000K
+ $—K)
÷ $10,288,000K
= 0.21
The cash ratio of Dow Inc has fluctuated over the years, indicating the company's ability to cover its short-term liabilities with cash and cash equivalents.
The ratio stood at 0.33 as of March 31, 2020, and increased steadily to reach 0.46 by December 31, 2020. After a slight decrease in the first quarter of 2021, the ratio dropped significantly to 0.29 by June 30, 2021. Subsequently, the ratio continued to decline, reaching its lowest point of 0.19 by June 30, 2022.
However, there was a notable improvement in the cash ratio by December 31, 2022, as it increased to 0.43. The ratio remained relatively stable around this level for the next few quarters, with a slight decrease to 0.30 by September 30, 2023.
By December 31, 2023, the cash ratio increased to 0.47, indicating a strong ability to meet short-term obligations with available cash. The ratio remained above 0.35 in the following quarters, showing the company's continued focus on maintaining a healthy cash position.
Overall, the trend in Dow Inc's cash ratio reflects fluctuations in its cash holdings but generally indicates a sufficient level of liquidity to cover short-term obligations.
Peer comparison
Dec 31, 2024