FMC Corporation (FMC)
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 | 302,400 | 323,800 | 941,500 | 494,400 | 572,000 | 363,800 | 591,500 | 365,100 | 516,800 | 341,000 | 728,500 | 416,700 | 568,900 | 297,100 | 342,700 | 436,200 | 339,100 | 419,700 | 83,400 | 109,500 |
| Short-term investments | US$ in thousands | — | — | — | 6,700 | 12,400 | 28,600 | 17,700 | — | -510,300 | 8,000 | 6,000 | 3,000 | 3,000 | 1,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,384,600 | 3,446,500 | 4,352,700 | 4,668,300 | 3,799,600 | 3,632,200 | 3,985,700 | 3,829,300 | 3,520,300 | 3,427,600 | 3,841,500 | 3,380,100 | 2,829,000 | 2,368,300 | 2,682,900 | 2,456,500 | 2,723,900 | 2,521,500 | 3,230,100 | 3,337,600 |
| Cash ratio | 0.09 | 0.09 | 0.22 | 0.11 | 0.15 | 0.11 | 0.15 | 0.10 | 0.00 | 0.10 | 0.19 | 0.12 | 0.20 | 0.13 | 0.13 | 0.18 | 0.12 | 0.17 | 0.03 | 0.03 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($302,400K
+ $—K)
÷ $3,384,600K
= 0.09
The cash ratio of FMC Corp. has fluctuated over the past eight quarters, ranging from 0.19 to 0.32. This ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
On average, FMC Corp. has maintained a cash ratio of approximately 0.23 during this period. A lower cash ratio indicates that the company may have a higher reliance on other current assets to meet its short-term obligations, while a higher ratio suggests a stronger liquidity position.
The significant increase in the cash ratio to 0.32 in Q2 2023 could be attributed to improved cash holdings or a reduction in short-term liabilities during that period. Conversely, the dip to 0.19 in Q1 2023 may indicate a temporary strain on liquidity or increased short-term obligations.
Overall, FMC Corp.'s cash ratio trend suggests fluctuations in its liquidity position, highlighting the importance of monitoring cash management strategies to ensure the company can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023