Interpublic Group of Companies Inc (IPG)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,386,100 | 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 | 1,192,200 | 520,500 | 614,000 | 630,500 |
| Short-term investments | US$ in thousands | — | 101,800 | 102,800 | 2,000 | 1,100 | 2,000 | 2,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 9,420,400 | 7,398,400 | 7,731,300 | 7,531,100 |
| Cash ratio | 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 | 0.13 | 0.07 | 0.08 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,386,100K
+ $—K)
÷ $10,330,900K
= 0.23
Interpublic Group Of Cos., Inc.'s cash ratio has shown some fluctuation over the past eight quarters. The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. In this case, the cash ratio has ranged from 0.26 to 0.32 over the periods analyzed.
The highest cash ratio of 0.32 was observed in Q1 2022, indicating that the company had sufficient cash on hand to cover 32% of its current liabilities at that time. Conversely, the lowest cash ratio of 0.26 was noted in Q3 2023, suggesting a somewhat tighter liquidity position compared to other periods.
Overall, the cash ratios have generally remained within a relatively narrow range of 0.26 to 0.32, indicating that Interpublic Group Of Cos., Inc. has maintained a consistent level of liquidity over the past eight quarters. It is essential for the company to monitor its cash ratio closely to ensure it maintains adequate liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2023