Hexcel Corporation (HXL)

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 125,400 98,200 75,400 85,900 227,000 97,700 104,200 105,700 112,000 90,900 99,200 112,800 127,700 105,800 115,300 82,000 103,300 68,000 257,200 329,300
Short-term investments US$ in thousands — — 6,100 5,800 4,300 — — — 6,200 — — — — 43,000 43,000 — 44,000 45,000 — —
Total current liabilities US$ in thousands 353,500 300,000 293,700 288,600 315,900 252,900 276,100 290,100 329,800 283,700 271,200 247,100 247,600 224,900 235,600 219,900 183,100 175,500 219,900 309,900
Cash ratio 0.35 0.33 0.28 0.32 0.73 0.39 0.38 0.36 0.36 0.32 0.37 0.46 0.52 0.66 0.67 0.37 0.80 0.64 1.17 1.06

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($125,400K + $—K) ÷ $353,500K
= 0.35

The cash ratio of Hexcel Corporation has shown fluctuations over the years, ranging from as high as 1.17 to as low as 0.28. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may suggest potential liquidity issues. It is important for investors and analysts to monitor the cash ratio over time to assess the company's liquidity position and financial health. Hexcel Corporation's cash ratio trend indicates varying levels of liquidity that may merit further investigation into the company's cash management practices and financial stability.