EMCOR Group Inc (EME)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,339,550 | 789,750 | 456,439 | 821,345 | 902,867 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,153,860 | 3,518,360 | 2,753,520 | 2,361,730 | 2,163,230 |
| Cash ratio | 0.32 | 0.22 | 0.17 | 0.35 | 0.42 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,339,550K
+ $—K)
÷ $4,153,860K
= 0.32
The cash ratio of EMCOR Group Inc has fluctuated over the years, decreasing from 0.42 as of December 31, 2020, to 0.35 as of December 31, 2021, indicating a slight decline in the company's ability to cover its current liabilities solely with its cash and cash equivalents. However, the ratio improved to 0.17 as of December 31, 2022, suggesting a significant reduction in the company's liquidity. Subsequently, there was an increase in the cash ratio to 0.22 as of December 31, 2023, indicating a slight improvement in liquidity. As of December 31, 2024, the cash ratio further increased to 0.32, which may suggest the company had a better ability to meet its short-term obligations with cash on hand. Overall, EMCOR Group Inc's cash ratio has shown variability over the years, with a general trend of ups and downs, potentially reflecting changes in the company's cash position and liquidity management.
Peer comparison
Dec 31, 2024