Hillenbrand Inc (HI)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 199,300 | 223,800 | 224,400 | 198,400 | 242,900 | 290,500 | 315,100 | 193,900 | 232,200 | 282,500 | 442,900 | 446,300 | 446,100 | 476,200 | 344,900 | 265,800 | 302,200 | 263,100 | 374,000 | 142,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 410,600 | — | — | — | 1,900 | 1,900 | 1,900 | 1,100 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,189,100 | 1,213,600 | 1,212,100 | 1,230,800 | 1,291,000 | 1,179,300 | 1,313,800 | 1,263,900 | 1,077,800 | 1,054,700 | 1,074,300 | 1,029,400 | 1,035,100 | 1,023,000 | 920,500 | 875,500 | 852,100 | 769,000 | 805,200 | 879,800 |
| Cash ratio | 0.17 | 0.18 | 0.19 | 0.16 | 0.51 | 0.25 | 0.24 | 0.15 | 0.22 | 0.27 | 0.41 | 0.43 | 0.43 | 0.47 | 0.37 | 0.30 | 0.35 | 0.34 | 0.46 | 0.16 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($199,300K
+ $—K)
÷ $1,189,100K
= 0.17
The cash ratio for Hillenbrand Inc has shown some fluctuations over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.17, indicating that for every $1 of current liabilities, the company had $0.17 of cash and cash equivalents on hand. This suggests a relatively lower liquidity position compared to the previous quarter, which had a cash ratio of 0.18.
Looking further back, the cash ratio was notably higher in the third quarter of 2023 at 0.51, reflecting a strong liquidity position at that time. However, this ratio has since decreased gradually, indicating a potential decrease in the company's ability to cover its short-term obligations solely with cash on hand.
It's important for stakeholders to monitor the trend in the cash ratio to assess the company's short-term liquidity and its ability to meet immediate financial obligations. Fluctuations in the cash ratio may indicate changes in the company's cash management policies, operating efficiency, or financial health.
Peer comparison
Sep 30, 2024