H2O America (HTO)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,849 | 23,696 | 11,114 | 3,967 | 22,804 | 4,542 | 9,723 | 21,067 | 25,474 | 23,333 | 12,344 | 13,190 | 12,049 | 17,487 | 10,908 | 14,019 | 25,442 | 11,406 | 5,269 | 20,211 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 314,234 | 296,679 | 261,173 | 244,049 | 350,133 | 323,260 | 342,974 | 308,116 | 237,954 | 212,965 | 268,322 | 318,710 | 277,829 | 217,853 | 203,271 | 267,285 | 274,431 | 289,735 | 350,795 | 305,398 |
| Cash ratio | 0.06 | 0.08 | 0.04 | 0.02 | 0.07 | 0.01 | 0.03 | 0.07 | 0.11 | 0.11 | 0.05 | 0.04 | 0.04 | 0.08 | 0.05 | 0.05 | 0.09 | 0.04 | 0.02 | 0.07 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,849K
+ $—K)
÷ $314,234K
= 0.06
The cash ratio of H2O America exhibits significant fluctuations over the analyzed period from September 2020 to June 2025. Initially, in September 2020, the ratio was notably low at 0.07, declining sharply to 0.02 by the end of that year, indicating a limited cash buffer relative to current liabilities. Throughout 2021, the cash ratio showed sporadic increases and decreases, reaching a peak of 0.09 in June 2021 and maintaining a modest level around 0.05 to 0.08.
In 2022, the ratio remained relatively stable, generally oscillating between 0.04 and 0.08, with a slight upward movement to 0.11 in March and June 2023, suggesting periods of improved liquidity. The highest observed point within this timeframe was 0.11, indicating that at those times, the firm held a somewhat higher proportion of cash relative to current liabilities. Conversely, the ratio dipped to as low as 0.01 in March 2024, signaling significantly diminished cash liquidity, and then recovered somewhat to 0.07 by June 2024.
Beyond mid-2024, the cash ratio displayed continued variability, fluctuating between 0.02 and 0.08. As of the latest data in June 2025, the ratio stood at 0.06, reflecting a relatively moderate liquidity position compared to historical lows and peaks. Overall, the data indicates that H2O America has maintained a low to moderate level of cash relative to current liabilities throughout the period, with occasional periods of improved liquidity, but generally consistent concerns regarding short-term cash holdings.
Peer comparison
Jun 30, 2025