Chart Industries Inc (GTLS)
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 | 188,300 | 147,100 | 189,800 | 166,900 | 663,600 | 89,500 | 149,700 | 99,700 | 122,200 | 102,900 | 197,800 | 114,900 | 125,100 | 120,700 | 122,500 | 89,300 | 119,000 | 80,700 | 148,500 | 71,900 |
| Short-term investments | US$ in thousands | — | -90,600 | -89,900 | — | — | — | — | — | — | 179,800 | 108,200 | 114,600 | 73,600 | 9,000 | — | — | — | 9,600 | — | — |
| Total current liabilities | US$ in thousands | 1,866,200 | 1,802,800 | 1,845,500 | 1,732,600 | 1,081,600 | 754,900 | 775,200 | 721,600 | 693,900 | 719,500 | 675,800 | 660,300 | 634,800 | 352,900 | 359,600 | 358,100 | 378,300 | 374,400 | 354,900 | 579,200 |
| Cash ratio | 0.10 | 0.03 | 0.05 | 0.10 | 0.61 | 0.12 | 0.19 | 0.14 | 0.18 | 0.39 | 0.45 | 0.35 | 0.31 | 0.37 | 0.34 | 0.25 | 0.31 | 0.24 | 0.42 | 0.12 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($188,300K
+ $—K)
÷ $1,866,200K
= 0.10
The cash ratio for Chart Industries Inc has shown significant fluctuations over the past eight quarters. In Q4 2022, the cash ratio was high at 0.91, indicating that the company had a substantial amount of cash on hand relative to its current liabilities. However, in the subsequent quarters, the cash ratio decreased considerably, reaching its lowest point of 0.21 in Q4 2023 and maintaining the same level in Q3 2023.
The decreasing trend in the cash ratio from Q4 2022 to Q4 2023 suggests that Chart Industries Inc may be facing challenges in generating sufficient cash or could be utilizing its cash reserves for investments or operational needs. A cash ratio below 1.0 may raise concerns about the company's short-term liquidity and its ability to meet immediate obligations using its available cash resources.
It is essential for investors and analysts to closely monitor the cash ratio of Chart Industries Inc in the upcoming quarters to assess whether improvements are made in managing cash flow and maintaining a healthy liquidity position.