Heidrick & Struggles International (HSII)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 515,627 | 363,422 | 189,922 | 252,831 | 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 |
| Short-term investments | US$ in thousands | 47,896 | 46,005 | 106,963 | 0 | 65,538 | 47,560 | 21,240 | 0 | 266,169 | 180,507 | — | — | 0 | 0 | 0 | 0 | 19,999 | 67,028 | 69,055 | — |
| Total current liabilities | US$ in thousands | 483,013 | 395,391 | 306,749 | 251,878 | 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 |
| Cash ratio | 1.17 | 1.04 | 0.97 | 1.00 | 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 |
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 fluctuated over the past few years, indicating changes in the company's ability to cover its short-term liabilities with cash and cash equivalents.
The trend shows that the cash ratio was relatively stable around 1.00 in 2020, with slight fluctuations. However, in 2021, there was a noticeable decrease in the cash ratio, dropping to as low as 0.75 in June 2021, indicating a potential strain on the company's liquidity position during that period.
In 2022, the cash ratio remained below 1.00, suggesting that Heidrick & Struggles International might be relying more on other current assets to meet its short-term obligations. The cash ratio increased to 1.09 by December 2023, indicating an improvement in the company's liquidity position.
Towards the end of 2024, the cash ratio stood at 1.17, reflecting that the company had sufficient cash reserves to cover its short-term liabilities comfortably.
Overall, fluctuations in the cash ratio of Heidrick & Struggles International highlight the importance of monitoring the company's liquidity position and its ability to meet immediate financial obligations.
Peer comparison
Dec 31, 2024