H B Fuller Company (FUL)
Cash ratio
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 169,352 | 131,412 | 114,823 | 165,249 | 179,453 | 94,934 | 103,183 | 125,482 | 79,910 | 60,708 | 68,149 | 63,511 | 61,786 | 68,134 | 69,597 | 81,192 | 100,534 | 74,922 | 70,346 | 78,738 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 719,290 | 704,947 | 684,067 | 653,177 | 692,811 | 618,346 | 660,832 | 643,176 | 705,732 | 737,391 | 721,983 | 721,936 | 736,850 | 709,734 | 651,672 | 568,245 | 530,132 | 455,436 | 491,762 | 543,315 |
| Cash ratio | 0.24 | 0.19 | 0.17 | 0.25 | 0.26 | 0.15 | 0.16 | 0.20 | 0.11 | 0.08 | 0.09 | 0.09 | 0.08 | 0.10 | 0.11 | 0.14 | 0.19 | 0.16 | 0.14 | 0.14 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,352K
+ $—K)
÷ $719,290K
= 0.24
The cash ratio of H B Fuller Company shows the firm's ability to cover its short-term obligations with its cash and cash equivalents. Over the past few years, the cash ratio has fluctuated within a relatively narrow range, ranging from 0.08 to 0.26.
In the most recent period, the cash ratio was 0.24 as of November 30, 2024, indicating that the company had $0.24 in cash and cash equivalents for every $1 of current liabilities. This suggests that the company has a strong liquidity position and is able to meet its short-term obligations comfortably.
It is worth noting that the cash ratio has shown some variability over the periods analyzed, which may reflect fluctuations in the company's cash holdings and short-term liabilities. Overall, the trend of the cash ratio indicates that H B Fuller Company has maintained a satisfactory level of liquidity to support its short-term financial obligations.
Peer comparison
Nov 30, 2024