HNI Corp (HNI)
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 | 28,900 | 24,400 | 23,800 | 16,800 | 17,400 | 21,100 | 19,600 | 23,483 | 52,300 | 126,436 | 118,498 | 94,281 | 116,120 | 109,385 | 26,204 | 35,413 | 52,073 | 53,013 | 28,782 | 47,872 |
| Short-term investments | US$ in thousands | 5,600 | 5,800 | 5,700 | 2,000 | 2,000 | 2,000 | 1,000 | 1,335 | 1,400 | 1,299 | 102 | 1,776 | 1,687 | 1,495 | 2,310 | 835 | 1,096 | 848 | 1,668 | 1,705 |
| Total current liabilities | US$ in thousands | 463,700 | 502,300 | 489,400 | 352,600 | 395,100 | 460,400 | 492,100 | 462,861 | 506,400 | 494,144 | 450,899 | 394,657 | 439,028 | 417,240 | 361,592 | 365,615 | 478,705 | 459,426 | 423,178 | 372,860 |
| Cash ratio | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.11 | 0.26 | 0.26 | 0.24 | 0.27 | 0.27 | 0.08 | 0.10 | 0.11 | 0.12 | 0.07 | 0.13 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($28,900K
+ $5,600K)
÷ $463,700K
= 0.07
The cash ratio of HNI Corp has fluctuated over the past several quarters, ranging from 0.04 to 0.27. The cash ratio measures the 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 without relying on external sources of financing.
In the most recent quarter, the cash ratio was 0.07, indicating that the company had $0.07 of cash and cash equivalents for every $1 of its current liabilities. This suggests that HNI Corp may have a moderate level of liquidity to meet its short-term obligations.
It is important for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and ability to weather any financial challenges. Overall, the trend in HNI Corp's cash ratio shows variability but also highlights the importance of maintaining adequate cash reserves to support its operations and financial health.