Flowserve Corporation (FLS)
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 | 675,441 | 611,745 | 515,083 | 531,981 | 545,678 | 480,458 | 422,837 | 404,726 | 434,971 | 351,870 | 458,345 | 575,795 | 658,452 | 1,457,270 | 630,397 | 659,305 | 1,095,270 | 921,178 | 561,705 | 622,299 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,468,080 | 1,440,370 | 1,406,340 | 1,474,180 | 1,438,580 | 1,306,820 | 1,292,090 | 1,321,720 | 1,243,150 | 1,091,690 | 1,091,720 | 1,147,610 | 1,131,800 | 1,908,880 | 1,069,720 | 1,083,730 | 1,141,630 | 1,093,580 | 1,088,740 | 1,106,030 |
| Cash ratio | 0.46 | 0.42 | 0.37 | 0.36 | 0.38 | 0.37 | 0.33 | 0.31 | 0.35 | 0.32 | 0.42 | 0.50 | 0.58 | 0.76 | 0.59 | 0.61 | 0.96 | 0.84 | 0.52 | 0.56 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($675,441K
+ $—K)
÷ $1,468,080K
= 0.46
Flowserve Corporation's cash ratio has shown fluctuating trends over the past five years. The ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from a low of 0.31 on March 31, 2023, to a high of 0.96 on December 31, 2020.
The ratio experienced a general downward trend from 2021 to 2024, indicating a potential decrease in the company's ability to cover its short-term obligations with its available cash. However, it is important to note that a cash ratio above 1.0 is generally considered healthy, as it implies the company has enough cash on hand to cover its short-term liabilities without relying on external sources of funding.
Overall, the cash ratio of Flowserve Corporation has fluctuated over the years, with some quarters showing stronger liquidity positions than others. Management may need to closely monitor and manage the company's cash position to ensure it maintains a healthy liquidity level to meet its short-term obligations.
Peer comparison
Dec 31, 2024