Fortune Brands Innovations Inc. (FBIN)
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 | 381,100 | 344,800 | 352,600 | 359,700 | 366,400 | 453,400 | 681,700 | 539,100 | 642,500 | 345,300 | 360,600 | 378,200 | 425,600 | 460,700 | 460,000 | 356,100 | 419,100 | 464,500 | 398,400 | 359,700 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 73,000 | 84,600 | — | — | — | 45,900 | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 1,602,300 | 1,532,200 | 1,548,000 | 1,062,500 | 1,200,400 | 1,192,100 | 1,640,700 | 1,413,200 | 1,544,700 | 2,047,900 | 1,441,500 | 1,354,800 | 1,971,100 | 1,528,800 | 1,364,700 | 1,197,000 | 1,345,100 | 1,135,000 | 952,800 | 1,246,100 |
Cash ratio | 0.24 | 0.23 | 0.23 | 0.34 | 0.31 | 0.38 | 0.42 | 0.43 | 0.47 | 0.17 | 0.25 | 0.28 | 0.24 | 0.30 | 0.34 | 0.30 | 0.31 | 0.41 | 0.42 | 0.29 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($381,100K
+ $—K)
÷ $1,602,300K
= 0.24
The cash ratio of Fortune Brands Innovations Inc. has fluctuated over the period from March 31, 2020, to December 31, 2024, ranging from a low of 0.17 to a high of 0.47. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a better ability to pay off current liabilities with the available cash on hand.
The trend in Fortune Brands Innovations Inc.'s cash ratio shows some variability, with some quarters showing better liquidity positions than others. For instance, the company experienced a peak in its cash ratio in December 2022 at 0.47, indicating a strong ability to cover short-term obligations at that time. On the other hand, there were periods, such as September 2022 and June 2024, when the cash ratio dropped to 0.17 and 0.23, respectively, suggesting a relatively lower liquidity position.
Overall, analyzing the cash ratio over time can provide insights into the company's ability to meet immediate financial obligations. It is essential for Fortune Brands Innovations Inc. to carefully manage its cash and cash equivalents to ensure it maintains a healthy liquidity position to weather any potential financial challenges.
Peer comparison
Dec 31, 2024