Exponent Inc (EXPO)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 187,150 | 161,458 | 297,687 | 197,525 | 176,436 |
| Short-term investments | US$ in thousands | — | — | — | 45,001 | 55,165 |
| Total current liabilities | US$ in thousands | 161,909 | 159,029 | 152,982 | 117,308 | 123,960 |
| Cash ratio | 1.16 | 1.02 | 1.95 | 2.07 | 1.87 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($187,150K
+ $—K)
÷ $161,909K
= 1.16
The cash ratio of Exponent Inc has shown fluctuations over the past five years. In 2023, the cash ratio stands at 1.16, indicating that the company has $1.16 in cash and cash equivalents for every $1 of current liabilities. This ratio has increased from the previous year, where it was 1.02.
Compared to 2021 and 2020, where the cash ratio was 1.95 and 2.07 respectively, the current ratio is lower, suggesting a slight decrease in the company's ability to cover its short-term obligations with its cash reserves.
However, when assessing the cash ratio in 2023 in comparison to 2019, where it was 1.87, there has been a slight improvement. This indicates that Exponent Inc may have more liquidity available to meet its short-term financial obligations in 2023 compared to five years ago.
Overall, while the cash ratio has been volatile over the years, the current level suggests that Exponent Inc is maintaining a reasonable level of liquidity to cover its short-term liabilities. Investors and stakeholders may continue to monitor this ratio to assess the company's liquidity position in the future.
Peer comparison
Dec 31, 2023