Fluor Corporation (FLR)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,519,000 | 2,421,000 | 2,262,000 | 2,137,000 | 2,439,000 | 2,436,000 | 2,074,000 | 1,913,000 | 2,209,000 | 2,125,520 | 2,711,120 | 1,937,800 | 2,198,780 | 2,093,780 | 1,969,590 | 1,870,870 | 1,997,200 | 1,805,100 | 1,857,280 | 1,805,780 |
| Short-term investments | US$ in thousands | 69,000 | 64,000 | 60,000 | 174,000 | 185,000 | 155,000 | 120,000 | 203,000 | 127,222 | 67,164 | 31,651 | 18,698 | 23,345 | 17,514 | 12,711 | 6,477 | 7,262 | 47,873 | 73,098 | 98,733 |
| Total current liabilities | US$ in thousands | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,614,000 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,544,610 | 3,605,080 | 3,710,550 | 3,905,120 | 3,855,840 | 4,061,620 | 3,647,580 |
| Cash ratio | 0.82 | 0.79 | 0.73 | 0.73 | 0.82 | 0.81 | 0.70 | 0.66 | 0.65 | 0.60 | 0.73 | 0.57 | 0.62 | 0.60 | 0.55 | 0.51 | 0.51 | 0.48 | 0.48 | 0.52 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,519,000K
+ $69,000K)
÷ $3,163,000K
= 0.82
The cash ratio of Fluor Corporation has shown relatively stable values in recent quarters, ranging from 1.11 to 1.24. The cash ratio measures the company's ability to cover its current liabilities with cash and cash equivalents alone. A ratio of 1 or higher indicates that the company has enough cash on hand to meet its short-term obligations.
Fluor Corporation's cash ratio of consistently above 1 indicates that the company is in a strong position to meet its short-term financial obligations without relying heavily on other assets or external financing. This suggests a healthy liquidity position for the company.
However, it is important to note that while a high cash ratio is generally viewed positively, excessively high cash ratios may also indicate that the company is holding onto too much cash that could be utilized more effectively elsewhere in the business. As such, ongoing monitoring of the cash ratio alongside other financial metrics is essential for a comprehensive assessment of Fluor Corporation's financial health.
Peer comparison
Dec 31, 2023