EPAM Systems Inc (EPAM)
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 | 1,286,270 | 2,036,390 | 1,787,720 | 1,983,720 | 2,036,240 | 1,872,980 | 1,776,920 | 1,749,420 | 1,681,340 | 1,487,600 | 1,293,520 | 1,276,460 | 1,446,620 | 1,266,610 | 1,283,230 | 1,372,830 | 1,322,140 | 1,161,060 | 993,724 | 916,253 |
| Short-term investments | US$ in thousands | 1,690 | 22,316 | 61,492 | 61,625 | 60,739 | 60,431 | 71,376 | 60,373 | 60,336 | 60,216 | 60,098 | — | 0 | 0 | 0 | 0 | 60,007 | 60,089 | 60,025 | — |
| Total current liabilities | US$ in thousands | 821,039 | 681,046 | 602,458 | 658,530 | 644,932 | 613,578 | 584,065 | 682,858 | 747,483 | 727,957 | 684,703 | 683,252 | 763,420 | 632,547 | 522,948 | 463,761 | 465,950 | 414,831 | 365,580 | 389,321 |
| Cash ratio | 1.57 | 3.02 | 3.07 | 3.11 | 3.25 | 3.15 | 3.16 | 2.65 | 2.33 | 2.13 | 1.98 | 1.87 | 1.89 | 2.00 | 2.45 | 2.96 | 2.97 | 2.94 | 2.88 | 2.35 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,286,270K
+ $1,690K)
÷ $821,039K
= 1.57
EPAM Systems Inc's cash ratio has shown fluctuations over the past years, ranging from a high of 3.25 as of December 31, 2023, to a low of 1.57 as of December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, suggesting that EPAM might be well-equipped to meet its current obligations without relying on external sources of funding. However, the decreasing trend in the cash ratio from 2023 to 2024 may imply a potential deterioration in EPAM's liquidity position, raising concerns about its ability to cover short-term obligations solely with available cash resources. It is essential for EPAM to closely monitor its cash position and implement strategies to maintain a healthy liquidity position to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2024