Itron Inc (ITRI)
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 | 1,051,240 | 982,507 | 920,639 | 300,606 | 302,049 | 254,771 | 232,787 | 196,013 | 202,007 | 215,413 | 208,500 | 203,997 | 162,579 | 188,691 | 207,131 | 574,592 | 206,933 | 586,167 | 544,823 | 554,520 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 528,265 | 521,471 | 535,187 | 578,317 | 537,236 | 555,924 | 559,920 | 536,555 | 498,572 | 502,117 | 461,190 | 501,568 | 501,344 | 495,754 | 514,365 | 909,562 | 549,899 | 586,705 | 601,679 | 667,094 |
| Cash ratio | 1.99 | 1.88 | 1.72 | 0.52 | 0.56 | 0.46 | 0.42 | 0.37 | 0.41 | 0.43 | 0.45 | 0.41 | 0.32 | 0.38 | 0.40 | 0.63 | 0.38 | 1.00 | 0.91 | 0.83 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,051,240K
+ $—K)
÷ $528,265K
= 1.99
The cash ratio measures a company’s ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position. Based on the data provided for Itron Inc:
- The cash ratio fluctuated throughout the period, ranging from a low of 0.32 on December 31, 2021, to a peak of 1.99 on December 31, 2024.
- The cash ratio trended upwards from the end of 2021 to the end of 2024, indicating an improvement in the company's ability to meet its short-term obligations with cash on hand.
- The ratio exceeded 1.0 on several occasions from June 30, 2024, indicating that Itron Inc had more cash and equivalents than short-term liabilities at those points.
- It's important to note the significant increase in the cash ratio from a low value of 0.32 on December 31, 2021, to a high value of 1.99 on December 31, 2024, suggesting a substantial improvement in the company's liquidity position.
Overall, the cash ratio analysis suggests that Itron Inc's liquidity position improved over the analyzed period, with the company having a notable increase in its ability to cover short-term obligations with available cash and cash equivalents.
Peer comparison
Dec 31, 2024