Hillenbrand Inc (HI)
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 | 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 | 399,000 | 64,400 | 58,600 |
| Short-term investments | US$ in thousands | — | 410,600 | — | — | — | 1,900 | 1,900 | 1,900 | 1,100 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 589,300 | 526,300 | 505,800 |
| Cash ratio | 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 | 0.68 | 0.12 | 0.12 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($198,400K
+ $—K)
÷ $1,230,800K
= 0.16
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the data provided for Hillenbrand Inc:
- The cash ratio has fluctuated over the past eight quarters, ranging from a low of 0.26 to a high of 0.51.
- Q2 2022 had the highest cash ratio of 0.51, indicating a strong position to cover short-term liabilities with available cash.
- However, there was a noticeable decrease in Q1 2023, with a cash ratio of 0.26, which suggests a potential liquidity strain during that period.
- In Q4 2023, the cash ratio slightly improved to 0.28 compared to the previous quarter, but remained lower than the peak observed in Q2 2022.
Overall, Hillenbrand Inc's cash ratio has shown fluctuations, indicating varying levels of liquidity over the quarters analyzed. It is important for the company to manage its cash effectively to ensure it can meet its short-term obligations in a sustainable manner.
Peer comparison
Dec 31, 2023