International Seaways Inc (INSW)

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	157,506	103,309	176,141	139,501	126,760	138,976	116,023	156,220	243,744	174,465	230,666	74,553	97,883	108,897	95,289	156,178	199,390	137,340	128,063	93,298
Short-term investments	US$ in thousands	0	50,000	4,532	75,000	60,000	75,000	120,000	105,000	80,000	80,000	763	2,061	—	—	149,580	144,770	—	—	—	151
Total current liabilities	US$ in thousands	130,935	103,292	111,733	179,750	195,574	187,337	247,281	227,478	257,389	220,881	208,902	245,274	234,611	280,937	200,720	97,727	108,896	102,822	130,545	132,629
Cash ratio		1.20	1.48	1.62	1.19	0.95	1.14	0.95	1.15	1.26	1.15	1.11	0.31	0.42	0.39	1.22	3.08	1.83	1.34	0.98	0.70

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($157,506K + $0K) ÷ $130,935K
= 1.20

International Seaways Inc's cash ratio has shown fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. From March 31, 2020, to December 31, 2020, the cash ratio showed a steady increase from 0.70 to 1.83, indicating a strengthening liquidity position.

However, the cash ratio declined in the following periods, dropping to 0.31 by March 31, 2022. This may suggest a potential liquidity strain or a change in the company's cash management practices during this period. Subsequently, the cash ratio increased again, reaching a peak of 1.62 by June 30, 2024.

Overall, while the cash ratio has shown variability, with some periods indicating more robust liquidity positions than others, it is essential for International Seaways Inc to maintain a healthy level of cash reserves to cover its short-term obligations and potential emergencies. Periodic monitoring and management of the cash ratio will be crucial for the company's financial health and operational stability.