Everus Construction Group Inc (ECG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 86,012 | 1,567 | 2,112 | — |
| Short-term investments | US$ in thousands | — | — | — | — |
| Total current liabilities | US$ in thousands | 513,370 | 452,183 | 473,701 | — |
| Cash ratio | 0.17 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($86,012K
+ $—K)
÷ $513,370K
= 0.17
The cash ratio, calculated as the ratio of cash and cash equivalents to current liabilities, provides insight into Everus Construction Group Inc's ability to cover its short-term obligations with its readily available cash on hand.
- As of December 31, 2021, the cash ratio was not provided (indicated by "—"), making it impossible to assess the company's liquidity position for that period.
- For the subsequent years, the cash ratio remained low, with values of 0.00 for December 31, 2022 and December 31, 2023. This suggests that the company may have had minimal cash reserves relative to its current liabilities during those periods.
- However, by December 31, 2024, the cash ratio improved to 0.17, indicating that Everus Construction Group Inc had increased its cash holdings in relation to its short-term obligations. While the ratio is still relatively low, the uptick suggests a positive trend towards better liquidity management.
In conclusion, the company showed varying levels of liquidity over the years, with an improvement in its ability to meet short-term obligations by the end of 2024. Everus Construction Group Inc may still need to focus on bolstering its cash reserves to enhance its overall liquidity position in the future.
Peer comparison
Dec 31, 2024