Eagle Materials Inc (EXP)
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 | 20,401 | 31,173 | 93,909 | 46,540 | 34,925 | 48,912 | 47,321 | 53,149 | 15,242 | 60,937 | 84,140 | 68,281 | 19,416 | 17,392 | 45,214 | 306,542 | 263,520 | 142,784 | 200,858 | 199,441 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 77,628 | 76,369 | 18,031 | 74,914 | 74,331 | — |
| Total current liabilities | US$ in thousands | 245,004 | 223,881 | 312,227 | 290,550 | 239,409 | 225,513 | 224,535 | 229,697 | 212,889 | 208,300 | 223,321 | 228,635 | 207,551 | 193,675 | 188,645 | 189,013 | 169,354 | 163,061 | 163,085 | 200,033 |
| Cash ratio | 0.08 | 0.14 | 0.30 | 0.16 | 0.15 | 0.22 | 0.21 | 0.23 | 0.07 | 0.29 | 0.38 | 0.30 | 0.09 | 0.09 | 0.65 | 2.03 | 1.66 | 1.34 | 1.69 | 1.00 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($20,401K
+ $—K)
÷ $245,004K
= 0.08
The cash ratio of Eagle Materials Inc has fluctuated over the reported periods, ranging from a low of 0.07 on March 31, 2023, to a high of 2.03 on June 30, 2021. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 1.00 or above generally indicates that the company can cover all of its current liabilities with its cash on hand.
When looking at the trend of the cash ratio, we can see that it peaked at 2.03 on June 30, 2021, indicating a strong ability to meet short-term obligations with available cash. However, the ratio decreased significantly in the subsequent quarters, dropping to as low as 0.07 on March 31, 2023, suggesting a potential strain on liquidity during that period.
Overall, the fluctuation in Eagle Materials Inc's cash ratio highlights the importance of closely monitoring the company's ability to manage its cash resources effectively to meet its short-term obligations. Investors and stakeholders may need to assess the company's cash management strategies and overall liquidity position based on these varying cash ratio figures.