EMCOR Group Inc (EME)
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 | 1,339,550 | 1,035,530 | 808,218 | 841,585 | 790,350 | 523,632 | 503,052 | 420,075 | 456,439 | 403,816 | 262,370 | 514,513 | 821,345 | 663,905 | 668,908 | 758,833 | 902,867 | 679,342 | 481,391 | 347,092 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,153,860 | 3,925,230 | 3,673,230 | 3,431,480 | 3,518,360 | 3,232,800 | 2,949,460 | 2,661,390 | 2,753,520 | 2,638,800 | 2,402,940 | 2,296,570 | 2,361,730 | 2,250,120 | 2,143,110 | 2,093,410 | 2,163,230 | 1,978,850 | 1,808,210 | 1,786,380 |
| Cash ratio | 0.32 | 0.26 | 0.22 | 0.25 | 0.22 | 0.16 | 0.17 | 0.16 | 0.17 | 0.15 | 0.11 | 0.22 | 0.35 | 0.30 | 0.31 | 0.36 | 0.42 | 0.34 | 0.27 | 0.19 |
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 past few years. It stood at 0.19 as of March 31, 2020, indicating that only 19% of the company's current liabilities could be covered by its cash and cash equivalents. The ratio increased to 0.42 by December 31, 2020, showing an improvement in the company's liquidity position. However, by June 30, 2022, the cash ratio decreased to 0.11, suggesting a decrease in the proportion of cash available to cover short-term obligations.
The company's cash ratio fluctuated further in the subsequent periods, reaching a low of 0.15 on September 30, 2022, and a peak of 0.35 on December 31, 2021. This indicates some volatility in EMCOR Group Inc's ability to meet its short-term obligations solely with cash and cash equivalents.
Overall, fluctuations in the cash ratio of EMCOR Group Inc reflect changes in the company's liquidity position over time, highlighting the importance of monitoring cash levels relative to current liabilities for assessing short-term financial health and potential liquidity risks.
Peer comparison
Dec 31, 2024