Knife River Corporation (KNF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 281,134 | 262,320 | 221,294 | 13,848 | — |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 370,037 | 347,271 | 286,006 | 357,201 | — |
| Cash ratio | 0.76 | 0.76 | 0.77 | 0.04 | — |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($281,134K
+ $—K)
÷ $370,037K
= 0.76
The cash ratio of Knife River Corporation has shown a steady improvement over the years, starting from not available in 2020 to modest levels in 2021, and then a substantial increase in subsequent years. The ratio increased significantly from 0.04 in 2021 to 0.77 in 2022, and has remained stable at 0.76 in both 2023 and 2024. This indicates that the company has enhanced its ability to cover its short-term liabilities with its available cash and cash equivalents. The higher cash ratio in 2022 onwards suggests that Knife River Corporation has increased liquidity and is better positioned to meet its financial obligations in the short term. Overall, the trend in the cash ratio reflects an improving financial position in terms of cash management for Knife River Corporation.
Peer comparison
Dec 31, 2024