Ford Motor Company (F)

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	24,862,000	26,427,000	26,406,000	22,144,000	25,134,000	21,548,000	19,516,000	21,013,000	20,540,000	27,429,000	22,955,000	21,826,000	25,243,000	24,263,000	30,989,000	25,971,000	17,504,000	20,523,000	22,117,000	20,848,000
Short-term investments	US$ in thousands	15,309,000	14,688,000	16,415,000	17,369,000	18,936,000	18,625,000	17,184,000	20,215,000	29,053,000	18,997,000	18,081,000	24,281,000	24,718,000	20,568,000	26,141,000	20,399,000	17,147,000	16,808,000	15,931,000	16,882,000
Total current liabilities	US$ in thousands	101,531,000	100,268,000	101,015,000	95,905,000	96,866,000	90,167,000	86,452,000	90,352,000	90,727,000	89,033,000	83,474,000	94,249,000	97,192,000	93,159,000	92,780,000	94,494,000	98,132,000	99,087,000	98,334,000	99,237,000
Cash ratio		0.40	0.41	0.42	0.41	0.45	0.45	0.42	0.46	0.55	0.52	0.49	0.49	0.51	0.48	0.62	0.49	0.35	0.38	0.39	0.38

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,862,000K + $15,309,000K) ÷ $101,531,000K
= 0.40

The cash ratio of Ford Motor Co. has shown a declining trend over the past quarters, decreasing from 0.23 in Q4 of 2022 to 0.18 in Q4 of 2023. This indicates that Ford's ability to cover its short-term liabilities with cash and cash equivalents has weakened.

Although the cash ratio has been relatively stable around the 0.20 mark for the past three quarters, it is still below the previous year's levels. This suggests that Ford may be holding less cash relative to its current liabilities compared to the same period in the previous year.

A lower cash ratio may indicate that Ford is more reliant on other sources of liquidity or is potentially facing challenges in managing its short-term obligations. Investors and analysts may want to further investigate Ford's liquidity position and cash management strategies to better understand the reasons behind the declining trend in the cash ratio.