FTI Consulting Inc (FCN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 660,493 | 303,222 | 491,688 | 494,485 | 294,953 |
| Short-term investments | US$ in thousands | 0 | 25,461 | 0 | — | — |
| Total current liabilities | US$ in thousands | 931,759 | 892,769 | 769,491 | 718,116 | 670,171 |
| Cash ratio | 0.71 | 0.37 | 0.64 | 0.69 | 0.44 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($660,493K
+ $0K)
÷ $931,759K
= 0.71
The cash ratio of FTI Consulting Inc has fluctuated over the years based on the provided data.
As of December 31, 2020, the cash ratio stood at 0.44. This indicates that for every dollar of current liabilities, the company had $0.44 in cash or cash equivalents on hand.
By December 31, 2021, the cash ratio improved to 0.69, suggesting the company had a stronger liquidity position compared to the previous year.
In the following year, December 31, 2022, the cash ratio decreased slightly to 0.64, indicating a small dip in the company's ability to cover its short-term obligations with cash reserves.
However, by December 31, 2023, the cash ratio fell to 0.37, signaling a significant decrease in liquidity compared to the previous year.
Finally, as of December 31, 2024, the cash ratio rebounded to 0.71, showing an improvement in the company's liquidity position from the previous year.
Overall, the trend in the cash ratio of FTI Consulting Inc demonstrates some fluctuations in liquidity over the years, with the company experiencing both improvements and declines in its ability to cover short-term liabilities with cash on hand. Further analysis of the company's cash management practices and operational efficiency may provide additional insights into its liquidity position.
Peer comparison
Dec 31, 2024