DXC Technology Co (DXC)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,224,000 | 1,691,000 | 1,412,000 | 1,576,000 | 1,858,000 | 2,091,000 | 2,260,000 | 2,209,000 | 2,672,000 | 2,919,000 | 2,699,000 | 2,460,000 | 2,968,000 | 3,919,000 | 3,079,000 | 5,509,000 | 3,679,000 | 2,560,000 | 2,880,000 | 1,868,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,394,000 | 4,961,000 | 4,724,000 | 5,057,000 | 5,187,000 | 6,170,000 | 5,865,000 | 6,257,000 | 6,853,000 | 6,728,000 | 6,819,000 | 7,406,000 | 8,150,000 | 8,270,000 | 8,656,000 | 8,325,000 | 7,895,000 | 8,784,000 | 8,974,000 | 9,338,000 |
| Cash ratio | 0.28 | 0.34 | 0.30 | 0.31 | 0.36 | 0.34 | 0.39 | 0.35 | 0.39 | 0.43 | 0.40 | 0.33 | 0.36 | 0.47 | 0.36 | 0.66 | 0.47 | 0.29 | 0.32 | 0.20 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,224,000K
+ $—K)
÷ $4,394,000K
= 0.28
The cash ratio for DXC Technology Co has shown some fluctuations over the past few quarters, ranging from 0.20 to 0.66. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio suggests that the company has more liquid assets to cover its short-term obligations.
The trend in DXC's cash ratio indicates that the company may have experienced fluctuations in its liquidity position over the periods analyzed. A higher cash ratio observed in some quarters, such as in June 2020 and March 2020, suggests a stronger ability to meet short-term obligations with available cash. Conversely, lower ratios in certain quarters, like September 2019 and December 2021, might indicate a relatively tighter liquidity position.
Overall, the trend in DXC Technology Co's cash ratio reflects variations in its cash position and the company's ability to manage its short-term financial obligations with available liquid assets. Further analysis of the company's cash management practices and liquidity needs would provide additional insights into its financial health.
Peer comparison
Mar 31, 2024