Installed Building Products Inc (IBP)
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 | 327,600 | 406,200 | 380,300 | 399,900 | 386,500 | 339,759 | 255,226 | 218,690 | 229,627 | 203,402 | 69,940 | 217,434 | 333,485 | 191,435 | 203,911 | 207,343 | 231,520 | 267,471 | 252,488 | 187,187 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 24,996 | 94,865 | 49,980 | — | — | — | — | 0 | 1,220 | 16,688 | 26,487 |
| Total current liabilities | US$ in thousands | 359,000 | 376,700 | 352,600 | 339,700 | 346,400 | 324,676 | 314,534 | 316,338 | 328,061 | 358,562 | 362,890 | 327,528 | 307,569 | 284,791 | 264,015 | 245,302 | 236,475 | 222,241 | 214,049 | 201,565 |
| Cash ratio | 0.91 | 1.08 | 1.08 | 1.18 | 1.12 | 1.05 | 0.81 | 0.69 | 0.70 | 0.64 | 0.45 | 0.82 | 1.08 | 0.67 | 0.77 | 0.85 | 0.98 | 1.21 | 1.26 | 1.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($327,600K
+ $—K)
÷ $359,000K
= 0.91
The cash ratio of Installed Building Products Inc has been fluctuating over the past few years according to the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From the data, we observe that the cash ratio of Installed Building Products Inc has ranged from a low of 0.45 on June 30, 2022, to a high of 1.26 on June 30, 2020. The company experienced a decline in its cash ratio from June 30, 2020, showing fluctuations throughout the subsequent quarters.
Notably, Installed Building Products Inc experienced significant variations in its cash ratio, with some quarters showing levels below 1.0, indicating a potential risk in meeting short-term obligations solely with cash and cash equivalents. However, there were periods where the cash ratio exceeded 1.0, which suggests a more stable liquidity position.
Investors and analysts should continue to monitor the cash ratio of Installed Building Products Inc to assess the company's ability to manage its short-term financial obligations and maintain a healthy cash position in the future.
Peer comparison
Dec 31, 2024