Lithia Motors Inc (LAD)
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 | 225,100 | 209,800 | 516,400 | 264,400 | 972,000 | 146,900 | 88,700 | 184,900 | 271,500 | 172,700 | 64,400 | 131,600 | 153,000 | 137,800 | 780,900 | 170,300 | 160,200 | 57,100 | 120,300 | 56,600 |
| Short-term investments | US$ in thousands | 2,200 | 2,200 | 2,100 | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,551,100 | 6,664,100 | 7,019,900 | 6,591,500 | 4,932,200 | 4,375,300 | 4,048,200 | 3,948,000 | 3,178,200 | 2,826,600 | 2,614,400 | 2,825,100 | 2,402,800 | 2,181,800 | 2,595,800 | 2,610,900 | 2,479,700 | 2,212,400 | 2,026,400 | 2,431,500 |
| Cash ratio | 0.03 | 0.03 | 0.07 | 0.04 | 0.20 | 0.03 | 0.02 | 0.05 | 0.09 | 0.06 | 0.02 | 0.05 | 0.06 | 0.06 | 0.30 | 0.07 | 0.06 | 0.03 | 0.06 | 0.02 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($225,100K
+ $2,200K)
÷ $6,551,100K
= 0.03
The cash ratio of Lithia Motors Inc depicts its ability to cover short-term obligations with its cash and cash equivalents. Over the analyzed period from March 31, 2020, to December 31, 2024, the cash ratio has fluctuated within a range of 0.02 to 0.30.
The trend observed in the cash ratio shows variability, with periods of increase and decrease. Notable fluctuations occurred in June 30, 2021, and December 31, 2023, where the cash ratio significantly increased to 0.30 and 0.20, respectively. These spikes indicate improved liquidity positions during these periods.
Conversely, there were dips in the cash ratio in March 31, 2020, and June 30, 2022, where the ratio fell to 0.02. These lower levels suggest a potential strain on short-term liquidity during those specific quarters.
Overall, the cash ratio of Lithia Motors Inc has shown variability, highlighting the importance of monitoring the company's ability to meet its short-term obligations with available cash resources.
Peer comparison
Dec 31, 2024