IDEX Corporation (IEX)
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 | 620,800 | 633,200 | 700,700 | 616,300 | 534,300 | 562,700 | 457,000 | 510,700 | 430,200 | 680,700 | 557,800 | 733,200 | 855,400 | 806,497 | 714,380 | 958,142 | 1,025,850 | 877,758 | 746,348 | 569,219 |
| Short-term investments | US$ in thousands | — | — | 4,400 | 4,400 | 4,400 | 24,600 | 19,100 | 3,200 | — | 38,800 | 41,800 | 44,500 | 45,300 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 629,700 | 564,600 | 477,400 | 460,600 | 500,300 | 487,500 | 486,600 | 491,900 | 543,600 | 506,500 | 513,800 | 468,300 | 480,000 | 469,108 | 450,359 | 377,513 | 399,058 | 409,699 | 401,307 | 366,890 |
| Cash ratio | 0.99 | 1.12 | 1.48 | 1.35 | 1.08 | 1.20 | 0.98 | 1.04 | 0.79 | 1.42 | 1.17 | 1.66 | 1.88 | 1.72 | 1.59 | 2.54 | 2.57 | 2.14 | 1.86 | 1.55 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($620,800K
+ $—K)
÷ $629,700K
= 0.99
The cash ratio of IDEX Corporation has fluctuated over the years, indicating changes in the company's ability to cover its short-term liabilities with its cash and cash equivalents. The ratio has generally remained above 1, which suggests that the company has had sufficient liquid assets to meet its short-term obligations.
However, there have been periods where the cash ratio has decreased, such as in the second half of 2022 and the first half of 2024. This may indicate potential liquidity challenges during those time periods. Conversely, the ratio increased notably in the latter part of 2020 and early 2021, reflecting improved liquidity levels.
Overall, the trend of the cash ratio for IDEX Corporation suggests varying levels of liquidity management over time, and investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial health and risk management practices.
Peer comparison
Dec 31, 2024