Heidrick & Struggles International (HSII)
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 | 412,618 | 286,429 | 217,776 | 204,691 | 355,447 | 275,468 | 336,634 | 267,986 | 545,225 | 348,292 | 237,832 | 184,055 | 316,473 | 170,577 | 218,760 | 251,000 | 271,719 | 176,372 | 105,314 | 114,414 |
| Short-term investments | US$ in thousands | 65,538 | 47,560 | 21,240 | 0 | 266,169 | 180,507 | — | — | 0 | 0 | 0 | 0 | 19,999 | 67,028 | 69,055 | — | 61,153 | 42,566 | 38,698 | — |
| Total current liabilities | US$ in thousands | 438,691 | 391,967 | 318,793 | 260,174 | 588,477 | 518,604 | 434,202 | 339,719 | 534,694 | 425,046 | 317,794 | 217,270 | 318,238 | 267,666 | 222,034 | 207,946 | 345,342 | 296,241 | 235,314 | 216,619 |
| Cash ratio | 1.09 | 0.85 | 0.75 | 0.79 | 1.06 | 0.88 | 0.78 | 0.79 | 1.02 | 0.82 | 0.75 | 0.85 | 1.06 | 0.89 | 1.30 | 1.21 | 0.96 | 0.74 | 0.61 | 0.53 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($412,618K
+ $65,538K)
÷ $438,691K
= 1.09
The cash ratio of Heidrick & Struggles International, Inc. has fluctuated over the past eight quarters. It peaked at 1.25 in Q4 2023, indicating that the company had $1.25 in cash and cash equivalents for every $1 of current liabilities. This high ratio suggests that the company had a strong ability to cover its short-term obligations with its readily available cash.
In the preceding quarters, the cash ratio ranged from 0.94 to 1.17, showing some variability but generally indicating a healthy level of liquidity. The lowest cash ratio of 0.94 was observed in Q2 2022, which may have signaled a relatively lower ability to cover short-term liabilities with cash alone.
Overall, the trend in the cash ratio suggests that Heidrick & Struggles International, Inc. has managed its liquidity position effectively, with sufficient cash reserves to meet its short-term financial obligations across the quarters analyzed. However, fluctuations in the ratio highlight the importance of closely monitoring the company's liquidity position to ensure ongoing stability and financial health.
Peer comparison
Dec 31, 2023