FTI Consulting Inc (FCN)
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 | 660,493 | 386,344 | 226,428 | 243,960 | 303,222 | 201,148 | 203,539 | 238,539 | 491,688 | 327,047 | 255,730 | 271,143 | 494,485 | 342,527 | 256,875 | 233,421 | 294,953 | 304,658 | 304,206 | 223,063 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 25,461 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 931,759 | 823,176 | 713,894 | 627,700 | 892,769 | 708,531 | 644,701 | 538,452 | 769,491 | 648,999 | 570,894 | 509,930 | 718,116 | 645,622 | 562,562 | 495,778 | 670,171 | 608,261 | 517,468 | 451,341 |
| Cash ratio | 0.71 | 0.47 | 0.32 | 0.39 | 0.37 | 0.28 | 0.32 | 0.44 | 0.64 | 0.50 | 0.45 | 0.53 | 0.69 | 0.53 | 0.46 | 0.47 | 0.44 | 0.50 | 0.59 | 0.49 |
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 shown some fluctuations over the past few years. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2021, the cash ratio generally ranged between 0.44 and 0.69, indicating that the company had a moderate level of cash reserves to cover its short-term obligations during this period.
Towards the end of 2022 and throughout 2023, the cash ratio decreased to levels as low as 0.28, suggesting that FTI Consulting Inc may have had difficulties in maintaining sufficient cash reserves relative to its short-term liabilities during this time frame.
By the end of 2024, the cash ratio improved to 0.71, indicating that the company had a healthier cash position to meet its short-term obligations.
It is important for investors and stakeholders to monitor the cash ratio of FTI Consulting Inc to assess the company's liquidity position and its ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2024