KBR Inc (KBR)
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 | 304,000 | 348,000 | 539,000 | 416,000 | 389,000 | 461,000 | 516,000 | 412,000 | 370,000 | 550,000 | 483,000 | 445,000 | 436,000 | 949,000 | 635,000 | 566,000 | 712,000 | 681,000 | 611,000 | 708,000 |
| Short-term investments | US$ in thousands | — | — | — | 23,000 | — | 16,000 | 8,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,572,000 | 2,127,000 | 2,252,000 | 1,928,000 | 1,821,000 | 1,389,000 | 1,492,000 | 1,461,000 | 1,875,000 | 1,788,000 | 1,443,000 | 1,419,000 | 1,455,000 | 1,433,000 | 1,495,000 | 1,627,000 | 1,501,000 | 1,652,000 | 1,563,000 | 1,505,000 |
| Cash ratio | 0.19 | 0.16 | 0.24 | 0.23 | 0.21 | 0.34 | 0.35 | 0.28 | 0.20 | 0.31 | 0.33 | 0.31 | 0.30 | 0.66 | 0.42 | 0.35 | 0.47 | 0.41 | 0.39 | 0.47 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($304,000K
+ $—K)
÷ $1,572,000K
= 0.19
The cash ratio of KBR Inc has fluctuated over the past few quarters, ranging from 0.16 to 0.66. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities, which signifies a stronger liquidity position.
In the latest quarter, the cash ratio was 0.19, indicating that KBR Inc had $0.19 in cash and cash equivalents for every $1 of current liabilities. This suggests that the company may have had slightly lower liquidity compared to the previous quarter.
Looking at the trend over the past few quarters, we can see that the cash ratio has been somewhat volatile, with fluctuations in performance. It is important for investors and analysts to monitor this ratio over time to assess the company's liquidity position and ability to meet short-term obligations. It may be useful for KBR Inc to focus on maintaining a healthy level of cash reserves to ensure financial stability and meet any short-term financial challenges.
Peer comparison
Dec 31, 2023