Element Solutions Inc (ESI)
Cash ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 499,200 | 359,400 | 376,000 | 309,300 | 286,300 | 289,300 | 329,600 | 282,400 | 279,000 | 265,600 | 234,000 | 215,600 | 218,800 | 330,100 | 279,300 | 318,400 | 317,500 | 291,900 | 248,400 | 237,300 |
| Short-term investments | US$ in thousands | — | — | — | 20,100 | 24,200 | 19,900 | 30,500 | 32,200 | 26,900 | 32,700 | 27,000 | 13,700 | 4,700 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 344,600 | 379,700 | 384,000 | 372,200 | 340,900 | 369,400 | 376,700 | 378,100 | 342,600 | 344,400 | 354,000 | 395,000 | 399,700 | 415,200 | 421,300 | 355,500 | 320,000 | 314,300 | 302,400 | 245,700 |
| Cash ratio | 1.45 | 0.95 | 0.98 | 0.89 | 0.91 | 0.84 | 0.96 | 0.83 | 0.89 | 0.87 | 0.74 | 0.58 | 0.56 | 0.80 | 0.66 | 0.90 | 0.99 | 0.93 | 0.82 | 0.97 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($499,200K
+ $—K)
÷ $344,600K
= 1.45
The cash ratio of Element Solutions Inc. demonstrates notable fluctuation over the analyzed period, reflecting the company's evolving liquidity position. Starting at 0.97 as of June 30, 2020, the ratio experienced slight declines and increases through subsequent quarters, reaching a low of 0.56 on March 31, 2022. Throughout 2022, the cash ratio gradually recovered, culminating in a high of 0.95 on December 31, 2024. The trend indicates periods of liquidity moderation and strengthening, with the ratio generally trending upward from the early 2022 low. As of the most recent data on March 31, 2025, the cash ratio has risen significantly to 1.45, surpassing earlier peaks. This indicates an increased capacity for the company to cover its short-term liabilities with cash and cash equivalents, suggesting an overall improvement in liquidity toward the end of the analyzed timeframe.
Peer comparison
Mar 31, 2025