Federal Signal Corporation (FSS)
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 | 91,100 | 73,700 | 48,600 | 48,900 | 61,000 | 41,000 | 48,800 | 38,400 | 47,500 | 35,500 | 31,200 | 39,200 | 40,500 | 88,000 | 54,500 | 54,800 | 81,700 | 66,200 | 73,600 | 69,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -500 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 241,800 | 229,400 | 211,700 | 211,000 | 195,800 | 202,600 | 198,400 | 203,100 | 180,500 | 181,400 | 179,700 | 181,500 | 170,400 | 157,500 | 170,900 | 166,700 | 148,400 | 158,600 | 160,700 | 167,100 |
| Cash ratio | 0.38 | 0.32 | 0.23 | 0.23 | 0.31 | 0.20 | 0.25 | 0.19 | 0.26 | 0.20 | 0.17 | 0.22 | 0.23 | 0.56 | 0.32 | 0.33 | 0.55 | 0.42 | 0.46 | 0.42 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($91,100K
+ $—K)
÷ $241,800K
= 0.38
The cash ratio of Federal Signal Corporation has fluctuated within a range over the analyzed period from March 31, 2020, to December 31, 2024. The ratio started at 0.42 on March 31, 2020, increased to 0.55 by December 31, 2020, and then saw a decline to 0.17 by June 30, 2022. The trend was not entirely consistent, with some fluctuations observed during subsequent periods.
The company's cash ratio reflects its ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations, while a lower ratio suggests a potential liquidity risk. In the case of Federal Signal Corporation, the cash ratio has shown variations, possibly indicating changes in the company's liquidity position over time.
It is important for stakeholders to monitor the cash ratio trend of Federal Signal Corporation to assess its liquidity position and understand the company's ability to meet its short-term financial obligations. Further analysis and comparison with industry benchmarks or historical performance may provide additional insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024