Comfort Systems USA Inc (FIX)
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 | 549,939 | 415,583 | 199,419 | 100,792 | 205,150 | 137,623 | 60,007 | 48,560 | 57,214 | 71,139 | 69,129 | 115,615 | 58,776 | 67,721 | 53,659 | 52,116 | 54,896 | 70,540 | 53,253 | 133,264 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,582,770 | 2,429,140 | 2,334,950 | 2,139,660 | 1,721,200 | 1,628,990 | 1,481,480 | 1,406,660 | 1,170,800 | 1,044,000 | 968,180 | 857,199 | 836,554 | 742,262 | 721,410 | 691,688 | 692,904 | 655,343 | 681,486 | 599,625 |
| Cash ratio | 0.21 | 0.17 | 0.09 | 0.05 | 0.12 | 0.08 | 0.04 | 0.03 | 0.05 | 0.07 | 0.07 | 0.13 | 0.07 | 0.09 | 0.07 | 0.08 | 0.08 | 0.11 | 0.08 | 0.22 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($549,939K
+ $—K)
÷ $2,582,770K
= 0.21
Comfort Systems USA Inc's cash ratio has shown fluctuation over the past few years, ranging from a low of 0.03 in March 2023 to a high of 0.22 in March 2020. 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 stronger ability to cover short-term obligations.
The company's cash ratio has generally been below 0.1 since June 2020, indicating that Comfort Systems USA Inc may have had difficulties in meeting its short-term liabilities purely from its cash and cash equivalents. However, there have been some periods where the cash ratio improved slightly, such as in September 2021 and December 2021 when the ratio rose to 0.09 and 0.07 respectively.
Overall, the cash ratio trend for Comfort Systems USA Inc has been somewhat unstable, suggesting that the company may need to closely monitor its liquidity position and cash management strategies to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024