Exponent Inc (EXPO)
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 | 258,901 | 219,708 | 203,262 | 168,665 | 187,150 | 137,099 | 148,174 | 125,649 | 161,458 | 148,443 | 165,619 | 215,050 | 297,687 | 229,785 | 239,953 | 184,521 | 197,525 | 187,632 | 155,932 | 105,594 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 24,998 | 29,999 | 29,999 | 45,001 | 20,086 | 34,220 | 46,449 |
| Total current liabilities | US$ in thousands | 163,183 | 137,738 | 131,824 | 114,131 | 161,909 | 129,657 | 124,540 | 109,179 | 159,029 | 137,917 | 127,534 | 109,110 | 152,982 | 126,418 | 122,966 | 87,942 | 117,308 | 96,371 | 89,783 | 77,099 |
| Cash ratio | 1.59 | 1.60 | 1.54 | 1.48 | 1.16 | 1.06 | 1.19 | 1.15 | 1.02 | 1.08 | 1.30 | 1.97 | 1.95 | 2.02 | 2.20 | 2.44 | 2.07 | 2.16 | 2.12 | 1.97 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($258,901K
+ $—K)
÷ $163,183K
= 1.59
The cash ratio of Exponent Inc has shown some fluctuations over the years, ranging from a low of 1.02 on December 31, 2022, to a high of 2.44 on March 31, 2021. The cash ratio measures the company's ability to cover short-term liabilities with its cash and cash equivalents.
A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that the company has more than enough cash to cover its short-term liabilities.
Exponent Inc's cash ratio has generally remained above 1, indicating that the company has maintained a healthy level of liquidity to meet its short-term obligations. However, the ratio has experienced a slight decline in recent quarters, possibly suggesting a decrease in the company's ability to cover its short-term liabilities with cash and cash equivalents.
It is important for investors and stakeholders to monitor the cash ratio closely to assess the company's liquidity position and its ability to weather any potential financial challenges in the future.
Peer comparison
Dec 31, 2024