Heidrick & Struggles International (HSII)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 515,627 | 412,618 | 355,447 | 545,225 | 316,473 |
| Short-term investments | US$ in thousands | 47,896 | 65,538 | 266,169 | 0 | 19,999 |
| Total current liabilities | US$ in thousands | 483,013 | 438,691 | 588,477 | 534,694 | 318,238 |
| Cash ratio | 1.17 | 1.09 | 1.06 | 1.02 | 1.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($515,627K
+ $47,896K)
÷ $483,013K
= 1.17
The cash ratio of Heidrick & Struggles International has been relatively stable over the past five years. It was 1.06 as of December 31, 2020, and exhibited a slight decrease to 1.02 by the end of 2021. However, the ratio rebounded to 1.06 in 2022, further improved to 1.09 in 2023, and saw a significant increase to 1.17 by the end of 2024. This indicates that the company maintains a healthy level of cash and cash equivalents relative to its current liabilities, suggesting a strong ability to meet its short-term obligations without relying heavily on external financing. Overall, the trend in the cash ratio reflects positively on the liquidity position of Heidrick & Struggles International throughout the analyzed period.
Peer comparison
Dec 31, 2024