Johnson Controls International PLC (JCI)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 606,000 | 862,000 | 843,000 | 1,801,000 | 828,000 | 1,057,000 | 1,975,000 | 1,509,000 | 2,031,000 | 1,506,000 | 1,787,000 | 1,207,000 | 1,336,000 | 1,450,000 | 1,883,000 | 1,839,000 | 1,951,000 | 2,342,000 | 1,006,000 | 2,160,000 |
| Short-term investments | US$ in thousands | — | 27,000 | — | — | 7,000 | — | — | — | — | — | — | — | 1,066,000 | 1,016,000 | 1,045,000 | 1,003,000 | — | 834,000 | — | — |
| Total current liabilities | US$ in thousands | 11,955,000 | 12,724,000 | 13,599,000 | 12,409,000 | 11,084,000 | 11,128,000 | 12,403,000 | 11,563,000 | 11,239,000 | 11,883,000 | 11,654,000 | 9,987,000 | 9,098,000 | 9,285,000 | 8,740,000 | 8,486,000 | 8,248,000 | 10,304,000 | 9,509,000 | 9,692,000 |
| Cash ratio | 0.05 | 0.07 | 0.06 | 0.15 | 0.08 | 0.09 | 0.16 | 0.13 | 0.18 | 0.13 | 0.15 | 0.12 | 0.26 | 0.27 | 0.34 | 0.33 | 0.24 | 0.31 | 0.11 | 0.22 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($606,000K
+ $—K)
÷ $11,955,000K
= 0.05
The cash ratio of Johnson Controls International PLC has shown fluctuations over the past few quarters, ranging from as low as 0.05 to as high as 0.34. The ratio indicates the company's ability to cover its short-term liabilities using only its cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.05, which suggests that the company may have a relatively lower level of cash reserves compared to its current liabilities. However, it is important to consider the industry benchmarks and the company's historical performance for a more accurate assessment.
Looking at the trend over the past few quarters, there appears to be some variations in the cash ratio, indicating potential changes in the company's liquidity position. For example, there was a significant spike in the cash ratio in the first quarter of 2021 (0.34), which may indicate a period of strong liquidity.
Overall, monitoring the cash ratio along with other liquidity and solvency metrics is crucial for gaining a comprehensive understanding of Johnson Controls International PLC's financial health and ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Cash Ratio (Quarterly Data)