John Bean Technologies Corporation (JBT)
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 | 483,300 | 401,700 | 42,800 | 45,700 | 71,700 | 52,600 | 68,100 | 84,200 | 78,800 | 58,200 | 202,300 | 57,500 | 47,500 | 50,600 | 58,000 | 75,400 | 39,500 | 49,100 | 39,100 | 43,900 |
| Short-term investments | US$ in thousands | — | 125,000 | 2,500 | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 484,400 | 584,300 | 610,000 | 618,300 | 624,000 | 619,200 | 606,700 | 595,900 | 549,900 | 502,800 | 478,900 | 469,400 | 457,500 | 434,600 | 412,300 | 412,100 | 474,500 | 472,800 | 484,000 | 453,500 |
| Cash ratio | 1.00 | 0.90 | 0.07 | 0.07 | 0.11 | 0.08 | 0.11 | 0.14 | 0.14 | 0.12 | 0.42 | 0.12 | 0.10 | 0.12 | 0.14 | 0.18 | 0.08 | 0.10 | 0.08 | 0.10 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($483,300K
+ $—K)
÷ $484,400K
= 1.00
The cash ratio of John Bean Technologies Corp has varied over the past eight quarters, ranging from 0.31 to 1.34. A cash ratio of 1.34 in Q4 2023 indicates that the company had $1.34 of cash and cash equivalents for every $1 of current liabilities, reflecting a strong liquidity position. In comparison, the cash ratio was significantly lower in Q2 2023 at 0.31, suggesting a lower level of liquidity.
The trend of the cash ratio fluctuating over the quarters indicates potential variability in the company's ability to meet its short-term obligations with its available cash resources. It is important for investors and stakeholders to closely monitor the cash ratio to assess the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023