Fortune Brands Innovations Inc. (FBIN)
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 | 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 | 387,900 | 336,200 | 276,300 | 281,200 |
| Short-term investments | US$ in thousands | — | — | — | 73,000 | 84,600 | — | — | — | 45,900 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,409,300 | 1,376,600 | 1,695,200 | 1,238,800 |
| Cash ratio | 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 | 0.28 | 0.24 | 0.16 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($366,400K
+ $—K)
÷ $1,200,400K
= 0.31
The cash ratio of Fortune Brands Innovations Inc. has shown fluctuations over the past five years. Generally, the company has maintained a cash ratio ranging from 0.16 to 0.47. In the most recent period, the cash ratio was 0.31, indicating that the company had $0.31 in cash and cash equivalents for every $1 of current liabilities.
The cash ratio provides insight into a company's ability to cover its short-term liabilities using its most liquid assets. A higher cash ratio is typically preferred as it suggests a stronger liquidity position and ability to meet short-term obligations.
Fortune Brands Innovations Inc. has experienced some variability in its cash ratio over the periods analyzed. It is important for the company to monitor its cash position closely to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2023