Frontdoor Inc (FTDR)

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 325,000 320,000 344,000 337,000 292,000 244,000 269,000 255,000 262,000 309,000 323,000 538,000 597,000 551,000 545,000 482,000 428,000 425,000 420,000 341,000
Short-term investments US$ in thousands 8,000 8,000 5,000 6,000 4,000 0 2,000 2,000 7,000 7,000 5,000 7,000
Total current liabilities US$ in thousands 331,000 364,000 365,000 396,000 364,000 391,000 404,000 402,000 378,000 394,000 424,000 439,000 403,000 412,000 416,000 398,000 364,000 373,000 396,000 374,000
Cash ratio 0.98 0.90 0.96 0.86 0.82 0.63 0.67 0.63 0.69 0.78 0.76 1.23 1.48 1.34 1.31 1.22 1.20 1.16 1.07 0.93

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($325,000K + $—K) ÷ $331,000K
= 0.98

Frontdoor Inc.'s cash ratio has shown a positive trend over the past eight quarters, indicating the company's improving ability to cover its short-term liabilities with its available cash. The cash ratio increased from 0.69 in Q1 2022 to 1.08 in Q4 2023, reaching its highest level in the last quarter. This suggests that the company has a sufficient amount of cash on hand to meet its current obligations, which is a positive sign for investors and creditors. Overall, Frontdoor Inc.'s increasing cash ratio reflects a strong liquidity position and financial stability.


Peer comparison

Dec 31, 2023