Federal Signal Corporation (FSS)
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 | 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 | 31,600 | 35,900 | 38,600 | 22,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -500 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 160,200 | 164,000 | 166,000 | 163,500 |
| Cash ratio | 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 | 0.20 | 0.22 | 0.23 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($61,000K
+ $—K)
÷ $195,800K
= 0.31
The cash ratio of Federal Signal Corp. has fluctuated over the past eight quarters, ranging from a low of 0.28 in Q1 2023 to a high of 0.41 in Q4 2023. This ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
A higher cash ratio indicates a greater ability to meet short-term obligations using cash on hand. Federal Signal Corp.'s cash ratio has shown some volatility, possibly indicating variability in the company's cash position. Overall, the company's cash ratio has generally been above 0.3, suggesting it has a relatively healthy level of cash relative to its current liabilities.
It would be important for stakeholders and investors to monitor Federal Signal Corp.'s cash ratio over time to assess its liquidity and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2023