Fluor Corporation (FLR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,829,000 | 2,519,000 | 2,439,000 | 2,209,380 | 2,198,780 |
| Short-term investments | US$ in thousands | 130,000 | 69,000 | 185,000 | 127,222 | 23,345 |
| Total current liabilities | US$ in thousands | 3,071,000 | 3,163,000 | 3,216,000 | 3,904,060 | 3,572,040 |
| Cash ratio | 0.96 | 0.82 | 0.82 | 0.60 | 0.62 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,829,000K
+ $130,000K)
÷ $3,071,000K
= 0.96
The cash ratio of Fluor Corporation has shown a fluctuating trend over the past five years. In December 31, 2020, the cash ratio was 0.62, indicating that the company had $0.62 of cash and cash equivalents for every $1 of current liabilities. However, by December 31, 2021, the cash ratio decreased slightly to 0.60, suggesting a slight decrease in the company's ability to cover its short-term liabilities with its available cash.
Subsequently, there was an improvement in the cash ratio as it increased to 0.82 by both December 31, 2022 and December 31, 2023. This uptrend indicates that Fluor Corporation had a healthier liquidity position during these years, with an increased ability to meet its short-term obligations using its cash reserves.
By the end of December 31, 2024, the cash ratio further improved to 0.96, indicating that the company had significantly strengthened its liquidity position. This ratio suggests that Fluor Corporation had almost $1 in cash and cash equivalents for every $1 of current liabilities, reflecting a robust financial position and enhanced ability to cover its short-term obligations.
Overall, the cash ratio analysis reveals fluctuations in Fluor Corporation's liquidity over the years, with notable improvements in recent periods, demonstrating a strengthening ability to meet short-term financial obligations with available cash resources.
Peer comparison
Dec 31, 2024