Hubbell Inc (HUBB)

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	329,100	435,700	397,200	388,200	336,100	572,800	492,600	429,800	440,500	366,900	424,200	359,000	286,200	257,900	265,400	433,800	258,600	269,200	485,000	300,000
Short-term investments	US$ in thousands	15,900	9,900	9,300	12,100	12,600	17,900	16,200	17,000	14,300	12,500	13,900	12,400	9,400	9,900	12,600	10,200	9,300	9,000	9,900	13,500
Total current liabilities	US$ in thousands	1,274,200	1,396,700	1,258,500	1,348,700	1,323,400	1,071,400	1,069,800	1,052,100	1,088,500	1,062,500	1,002,900	962,100	1,065,200	1,035,400	999,400	1,148,700	948,200	792,700	880,700	841,300
Cash ratio		0.27	0.32	0.32	0.30	0.26	0.55	0.48	0.42	0.42	0.36	0.44	0.39	0.28	0.26	0.28	0.39	0.28	0.35	0.56	0.37

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($329,100K + $15,900K) ÷ $1,274,200K
= 0.27

The cash ratio of Hubbell Inc has seen fluctuations over the past few years. It started at 0.37 as of March 31, 2020, increased to 0.56 by June 30, 2020, and then decreased to 0.28 by December 31, 2020. There was a slight increase to 0.39 by March 31, 2021, followed by a decrease to 0.26 by September 30, 2021.

Subsequently, the cash ratio improved to 0.44 by June 30, 2022, and reached its highest point of 0.55 by September 30, 2023. However, by December 31, 2023, the ratio dropped to 0.26, which was the lowest point observed during this period.

The cash ratio then gradually increased to 0.32 by June 30, 2024, and remained stable at 0.32 by September 30, 2024. The ratio decreased slightly to 0.27 by December 31, 2024. Overall, the cash ratio of Hubbell Inc fluctuated between 0.26 and 0.55 during the period under consideration, indicating varying levels of liquidity and ability to cover short-term obligations with cash on hand.