H B Fuller Company (FUL)
Cash ratio
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 179,453 | 79,910 | 61,786 | 100,534 | 112,191 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 692,811 | 705,732 | 736,850 | 530,132 | 542,157 |
| Cash ratio | 0.26 | 0.11 | 0.08 | 0.19 | 0.21 |
December 2, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($179,453K
+ $—K)
÷ $692,811K
= 0.26
The cash ratio of H.B. Fuller Company has exhibited some fluctuations over the past five years. As of December 2, 2023, the cash ratio stands at 0.36, implying that for every dollar of current liabilities, the company has $0.36 in cash or cash equivalents. This represents an improvement compared to the prior year, where the ratio was 0.23. The trend over the five-year period shows variability, with the ratio reaching its lowest point of 0.17 in November 27, 2021, and its highest point of 0.32 in November 30, 2019. Overall, the company's cash ratio indicates its ability to cover short-term liabilities with its readily available cash, with the recent increase suggesting a stronger liquidity position.