Enersys (ENS)
Cash ratio
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 333,324 | 332,714 | 327,751 | 258,342 | 346,665 | 298,081 | 294,423 | 383,243 | 402,488 | 397,060 | 407,506 | 406,233 | 451,808 | 488,651 | 414,232 | 384,379 | 326,979 | 272,510 | 424,846 | 262,113 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 723,857 | 662,895 | 665,267 | 635,651 | 718,320 | 669,961 | 672,491 | 655,431 | 738,130 | 622,061 | 604,833 | 604,743 | 676,988 | 605,632 | 566,854 | 543,281 | 600,319 | 594,015 | 565,639 | 598,888 |
| Cash ratio | 0.46 | 0.50 | 0.49 | 0.41 | 0.48 | 0.44 | 0.44 | 0.58 | 0.55 | 0.64 | 0.67 | 0.67 | 0.67 | 0.81 | 0.73 | 0.71 | 0.54 | 0.46 | 0.75 | 0.44 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($333,324K
+ $—K)
÷ $723,857K
= 0.46
The cash ratio of Enersys has fluctuated over the periods provided, ranging from 0.41 to 0.81. The cash ratio represents a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position as the company has more cash on hand to meet its short-term obligations.
Enersys' cash ratio has shown variability over time, indicating fluctuations in its liquidity position. In general, the company maintained a relatively healthy cash ratio above 0.5 in most periods, suggesting a solid ability to cover its short-term liabilities with its available cash reserves. The peak value of 0.81 reached in the first quarter of 2021 indicates a particularly strong liquidity position at that time.
However, there were periods where the cash ratio dropped below 0.5, notably in the second quarter of 2020 and the first quarter of 2020. During these periods, Enersys may have had a lower level of cash relative to its short-term liabilities, which could raise concerns about its immediate liquidity position.
Overall, Enersys appears to manage its liquidity reasonably well, as indicated by the generally consistent levels of the cash ratio above 0.5. However, investors and stakeholders should continue to monitor these ratios to ensure the company can meet its short-term obligations effectively.
Peer comparison
Mar 31, 2024