Interpublic Group of Companies Inc (IPG)
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 | 2,187,100 | 1,532,000 | 1,545,500 | 1,930,000 | 2,390,000 | 1,574,900 | 1,628,100 | 1,678,100 | 2,545,300 | 1,768,300 | 1,983,400 | 2,402,300 | 3,270,000 | 2,490,000 | 2,340,600 | 2,015,300 | 2,509,000 | 1,628,000 | 1,085,400 | 1,554,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 101,800 | 102,800 | 2,000 | 2,000 | 2,000 | 2,000 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,758,000 | 8,465,600 | 8,287,300 | 8,498,300 | 10,330,900 | 8,326,200 | 8,355,300 | 7,960,000 | 9,983,200 | 8,169,200 | 8,462,700 | 8,954,200 | 10,890,000 | 9,049,000 | 8,796,700 | 7,984,500 | 9,580,500 | 7,227,900 | 6,366,500 | 7,795,900 |
| Cash ratio | 0.22 | 0.18 | 0.19 | 0.23 | 0.23 | 0.20 | 0.21 | 0.21 | 0.26 | 0.22 | 0.23 | 0.27 | 0.30 | 0.28 | 0.27 | 0.25 | 0.26 | 0.23 | 0.17 | 0.20 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,187,100K
+ $—K)
÷ $9,758,000K
= 0.22
Interpublic Group of Companies Inc's cash ratio has shown some fluctuation over the years, ranging from 0.17 to 0.30. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The general trend indicates that the company's ability to meet its short-term obligations with its cash on hand has improved gradually from 2020 to 2022 with a peak at the end of 2021. However, from 2022 to 2024, there has been a slight decline in the cash ratio, indicating a decreased level of liquidity relative to the company's short-term liabilities.
Despite the fluctuations, the cash ratio has generally been above 0.20, suggesting that Interpublic Group of Companies Inc has maintained a relatively healthy level of liquidity over the years. However, management may need to closely monitor and possibly enhance the company's cash management strategies to ensure sufficient funds are available to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024