Comfort Systems USA Inc (FIX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 549,939 | 205,150 | 57,214 | 58,776 | 54,896 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,582,770 | 1,721,200 | 1,170,800 | 836,554 | 692,904 |
| Cash ratio | 0.21 | 0.12 | 0.05 | 0.07 | 0.08 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($549,939K
+ $—K)
÷ $2,582,770K
= 0.21
The cash ratio of Comfort Systems USA Inc has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, was 0.08 as of December 31, 2020. It then decreased to 0.07 by December 31, 2021, and further to 0.05 by December 31, 2022. However, there was a significant improvement in the cash ratio to 0.12 by December 31, 2023, and further increased to 0.21 by December 31, 2024.
The cash ratio trend indicates that Comfort Systems USA Inc initially had a lower ability to cover its short-term liabilities with cash in 2022, potentially raising concerns about liquidity. However, the company significantly improved its liquidity position in 2023 and 2024, with the cash ratio exceeding 0.1, indicating an increased ability to cover short-term obligations with cash on hand. This upward trend in the cash ratio reflects improved liquidity management by the company over the period under consideration.
Peer comparison
Dec 31, 2024