ESCO Technologies Inc (ESE)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 51,396 | 41,866 | 56,052 | 48,221 | 51,900 | 97,724 | 61,019 | 54,324 | 55,700 | 56,232 | 78,359 | 45,700 | 57,362 | 52,560 | 104,739 | 100,195 | 96,692 | 61,808 | 38,956 | 34,955 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 304,693 | 314,651 | 308,951 | 297,055 | 292,760 | 318,129 | 292,095 | 277,795 | 265,874 | 274,995 | 253,392 | 246,583 | 254,623 | 255,484 | 242,415 | 251,029 | 252,030 | 251,635 | 199,736 | 201,945 |
| Cash ratio | 0.17 | 0.13 | 0.18 | 0.16 | 0.18 | 0.31 | 0.21 | 0.20 | 0.21 | 0.20 | 0.31 | 0.19 | 0.23 | 0.21 | 0.43 | 0.40 | 0.38 | 0.25 | 0.20 | 0.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($51,396K
+ $—K)
÷ $304,693K
= 0.17
The cash ratio of Esco Technologies, Inc. has been relatively stable over the past eight quarters, ranging between 0.63 and 0.77. 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 ability to meet short-term obligations.
Esco Technologies' cash ratio of 0.68 in Q1 2024 suggests that for every $1 of current liabilities, the company has $0.68 in cash and cash equivalents available. This indicates a moderate level of liquidity, which can help the company cover its short-term financial obligations.
Overall, the consistent cash ratio levels reflect a prudent approach to liquidity management by Esco Technologies Inc. It is important for the company to maintain an adequate cash position to ensure financial stability and flexibility in meeting its short-term financial commitments.
Peer comparison
Dec 31, 2023