Fluor Corporation (FLR)
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 | 2,829,000 | 2,912,000 | 2,629,000 | 2,335,000 | 2,519,000 | 2,421,000 | 2,262,000 | 2,137,000 | 2,439,000 | 2,436,000 | 2,074,000 | 1,913,000 | 2,209,380 | 2,125,520 | 2,711,120 | 1,937,800 | 2,198,780 | 1,870,870 | 1,997,200 | 1,870,870 |
| Short-term investments | US$ in thousands | 130,000 | 94,000 | 79,000 | 74,000 | 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 | 6,477 | 7,262 | 6,477 |
| Total current liabilities | US$ in thousands | 3,071,000 | 2,982,000 | 2,837,000 | 2,947,000 | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,904,060 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,710,550 | 3,932,060 | 3,710,550 |
| Cash ratio | 0.96 | 1.01 | 0.95 | 0.82 | 0.82 | 0.79 | 0.73 | 0.73 | 0.82 | 0.81 | 0.70 | 0.66 | 0.60 | 0.60 | 0.73 | 0.57 | 0.62 | 0.51 | 0.51 | 0.51 |
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 period from March 31, 2020, to December 31, 2024. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at 0.51 in March 2020, and remained relatively stable around this level until December 2020 when it increased to 0.62.
From March 2021 to September 2022, the cash ratio continued to fluctuate between 0.57 and 0.81. However, in the subsequent quarters, from December 2022 to June 2024, there was a noticeable improvement in the cash ratio, reaching its peak of 1.01 in September 30, 2024.
The increasing trend in the cash ratio after 2022 indicates that Fluor Corporation had accumulated more cash and cash equivalents relative to its short-term liabilities, which could be a positive sign of improved liquidity and financial stability. It suggests the company's ability to meet its short-term obligations without relying heavily on external financing or liquidating other assets quickly.
Overall, the upward trend in the cash ratio for Fluor Corporation from 2022 to 2024 demonstrates an enhanced liquidity position and financial strength, which could help the company navigate through uncertain economic conditions and unexpected cash needs. However, it is important to monitor this ratio over time to ensure that the company maintains a healthy balance between cash reserves and operational requirements.
Peer comparison
Dec 31, 2024