Everus Construction Group Inc (ECG)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,567 | 2,112 | — |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 452,183 | 473,701 | — |
| Cash ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,567K
+ $—K)
÷ $452,183K
= 0.00
The cash ratio for Everus Construction Group Inc for the years ending December 31, 2023 and December 31, 2022 is 0.00, indicating that the company does not have sufficient cash or cash equivalents to cover its current liabilities on hand in those years. The cash ratio being 0.00 suggests that the company may be relying more on other current assets or operating cash flows to meet its short-term obligations rather than maintaining a level of cash reserves. However, it would be more insightful to compare this trend with industry benchmarks or historical data to assess the company's liquidity position effectively. Additionally, the absence of the cash ratio for the year ending December 31, 2021 limits a comprehensive trend analysis for the company's cash position over the years.
Peer comparison
Dec 31, 2023