Entegris Inc (ENTG)

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 329,213 432,072 320,008 340,682 456,929 594,020 565,878 707,838 561,559 752,787 252,950 352,732 402,565 475,752 401,033 548,520 580,893 447,972 532,667 335,077
Short-term investments US$ in thousands — -6,379 16,578 18,135 21,451 31,827 34,382 28,213 32,481 19,255 — — — — — — — 38,100 — —
Total current liabilities US$ in thousands 525,178 586,691 439,858 469,982 513,995 683,159 646,289 781,623 761,931 841,021 393,135 371,661 379,001 309,413 260,530 266,271 302,626 247,373 237,955 201,990
Cash ratio 0.63 0.73 0.77 0.76 0.93 0.92 0.93 0.94 0.78 0.92 0.64 0.95 1.06 1.54 1.54 2.06 1.92 1.96 2.24 1.66

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($329,213K + $—K) ÷ $525,178K
= 0.63

The cash ratio of Entegris Inc has fluctuated over the periods provided. The cash ratio represents the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

From March 31, 2020, to June 30, 2021, the cash ratio generally increased from 1.66 to 2.24, showing an improvement in liquidity. However, from June 30, 2021, to December 31, 2024, the cash ratio gradually decreased to 0.63, indicating a decline in the company's ability to cover its short-term obligations with cash.

It is important to further investigate the reasons behind the fluctuation in the cash ratio to understand any potential liquidity challenges or strategic decisions made by Entegris Inc during the periods analyzed.