Graham Holdings Co (GHC)

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	169,897	159,981	111,738	123,469	169,319	149,773	126,368	132,224	145,886	133,882	114,802	350,135	413,991	295,672	260,247	178,646	200,165	142,264	171,969	170,882
Short-term investments	US$ in thousands	690,153	665,514	648,756	603,543	609,921	597,456	648,604	801,178	809,997	764,831	751,440	700,352	573,102	491,172	431,808	436,204	585,080	535,564	518,099	510,307
Total current liabilities	US$ in thousands	1,229,680	1,151,850	1,108,390	1,128,290	1,145,170	1,141,060	1,020,420	1,042,890	1,166,340	1,020,610	902,602	927,734	949,646	915,459	818,104	937,379	1,041,870	988,961	814,564	829,756
Cash ratio		0.70	0.72	0.69	0.64	0.68	0.65	0.76	0.90	0.82	0.88	0.96	1.13	1.04	0.86	0.85	0.66	0.75	0.69	0.85	0.82

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,897K + $690,153K) ÷ $1,229,680K
= 0.70

The cash ratio for Graham Holdings Co. has been relatively stable over the past eight quarters, ranging from 0.74 to 1.01. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests that the company has a stronger liquidity position and is better able to meet its immediate financial obligations.

In the most recent quarter, Q4 2023, the cash ratio was 0.80, which suggests that the company may have slightly less cash on hand relative to its current liabilities compared to the previous quarter. However, the ratio remains within a reasonable range and indicates that Graham Holdings Co. is managing its liquidity well.

It is important for stakeholders to continue monitoring the cash ratio as part of a broader analysis of the company's financial health and liquidity management. Changes in the cash ratio could indicate shifts in the company's ability to meet its short-term obligations and may warrant further investigation into the company's financial condition.