Chart Industries Inc (GTLS)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 308,600 | 310,200 | 250,600 | 191,900 | 201,100 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | -90,600 | -89,900 | — | — | — | — | — | — | 179,000 | 121,000 | 78,000 | 78,000 | 9,000 | — | — |
| Total current liabilities | US$ in thousands | 1,789,800 | 2,002,400 | 1,926,200 | 1,893,700 | 1,866,200 | 1,802,800 | 1,845,500 | 1,781,200 | 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 |
| Cash ratio | 0.17 | 0.15 | 0.13 | 0.10 | 0.11 | 0.03 | 0.05 | 0.09 | 0.61 | 0.12 | 0.19 | 0.14 | 0.18 | 0.39 | 0.47 | 0.29 | 0.32 | 0.37 | 0.34 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($308,600K
+ $—K)
÷ $1,789,800K
= 0.17
The cash ratio of Chart Industries Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.25 on March 31, 2020, indicating that the company had $0.25 in cash for every $1 of current liabilities. It increased to 0.47 on June 30, 2021, which was the highest point during this period, suggesting an improvement in the company's ability to cover its short-term obligations with cash.
Subsequently, the cash ratio decreased to 0.09 on March 31, 2023, hitting the lowest level in the analyzed timeframe. This decline may have raised concerns about the company's liquidity position. However, the ratio recovered to 0.17 by December 31, 2024.
Overall, fluctuations in the cash ratio indicate changes in Chart Industries Inc's liquidity position and its ability to meet short-term obligations with available cash during the period under review. Investors and stakeholders should monitor this ratio to assess the company's short-term liquidity health.