Everus Construction Group Inc (ECG)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 553 | 59,142 | 1,567 |
| Short-term investments | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 559,561 | 484,420 | 452,183 |
| Cash ratio | 0.00 | 0.12 | 0.00 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($553K
+ $—K)
÷ $559,561K
= 0.00
The cash ratio of Everus Construction Group Inc has shown a significant fluctuation over the past three reporting periods. Specifically, the cash ratio was 0.00 as of September 30, 2024, indicating that the company had no cash or cash equivalents to cover its current liabilities. This could be a cause for concern as it may suggest liquidity issues.
In contrast, the cash ratio was 0.12 as of June 30, 2024, which implies that the company had $0.12 of cash or cash equivalents for every $1 of current liabilities. While an improvement from the previous period, the ratio is still relatively low, indicating that Everus Construction Group Inc relies more on sources other than cash to meet its short-term obligations.
Lastly, the cash ratio was also 0.00 as of December 31, 2023, raising questions about the company's ability to manage its short-term liquidity effectively. Overall, these fluctuations in the cash ratio suggest that Everus Construction Group Inc may need to closely monitor and manage its cash position to ensure it can meet its short-term financial obligations efficiently.
Peer comparison
Sep 30, 2024