Equifax Inc (EFX)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 169,900 | 468,200 | 181,900 | 201,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -36,800 | — | — | — | — | — | — | — | -149,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,811,500 | 1,874,400 | 1,786,900 | 1,973,800 | 2,028,000 | 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 |
| Cash ratio | 0.09 | 0.25 | 0.10 | 0.10 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,900K
+ $—K)
÷ $1,811,500K
= 0.09
The cash ratio of Equifax Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend in Equifax Inc's cash ratio shows some variability, with the ratio starting at 0.32 on March 31, 2020, reaching a peak of 1.07 on September 30, 2021, and then gradually declining to 0.09 by December 31, 2024. A high cash ratio indicates that the company has more than enough cash to cover its short-term liabilities, while a low ratio suggests that the company may have difficulty meeting its short-term obligations with its available cash.
Overall, Equifax Inc's cash ratio has exhibited some fluctuation over the period, with varying levels of liquidity evidenced by the ratio. It is important for investors and stakeholders to monitor these ratios to assess the company's ability to manage its short-term financial obligations effectively.