Equifax Inc (EFX)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,800 | 412,600 | 164,100 | 232,500 | 285,200 | 241,700 | 223,600 | 200,900 | 224,700 | 2,025,500 | 458,100 | 765,900 | 1,684,600 | 1,535,600 | 1,347,400 | 369,900 | 401,300 | 167,500 | 135,800 | 133,200 |
| Short-term investments | US$ in thousands | — | — | — | — | -36,800 | — | — | — | — | — | — | — | -149,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,019,000 | 1,581,800 | 1,092,200 | 1,792,100 | 2,015,200 | 2,018,700 | 2,633,200 | 2,343,400 | 2,291,300 | 1,886,900 | 1,875,200 | 2,341,700 | 2,483,100 | 2,391,000 | 1,656,400 | 1,143,800 | 1,359,100 | 1,491,800 | 1,497,900 | 1,523,000 |
| Cash ratio | 0.11 | 0.26 | 0.15 | 0.13 | 0.12 | 0.12 | 0.08 | 0.09 | 0.10 | 1.07 | 0.24 | 0.33 | 0.62 | 0.64 | 0.81 | 0.32 | 0.30 | 0.11 | 0.09 | 0.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($216,800K
+ $—K)
÷ $2,019,000K
= 0.11
The cash ratio of Equifax, Inc. has shown some fluctuation over the past eight quarters. The ratio was highest in Q3 2023 at 0.40 and lowest in Q2 2022 at 0.17. These fluctuations indicate varying levels of liquidity over the quarters, with the company having more cash available relative to its current liabilities in some quarters compared to others. Generally, a higher cash ratio implies that the company has a greater ability to cover its short-term liabilities with its cash on hand. Equifax should aim to have a healthy cash ratio to ensure it can meet its financial obligations and operational needs efficiently.