Lancaster Colony Corporation (LANC)
Cash ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 163,443 | 164,756 | 133,848 | 73,746 | 88,473 | 82,861 | 95,487 | 64,219 | 60,283 | 67,085 | 114,011 | 130,089 | 188,055 | 211,121 | 216,381 | 186,088 | 198,273 | 177,798 | 202,226 | 173,461 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 183,969 | 189,786 | 163,376 | 167,208 | 168,752 | 196,451 | 180,171 | 190,915 | 165,585 | 179,477 | 172,832 | 179,787 | 173,923 | 151,983 | 140,628 | 139,819 | 126,259 | 137,146 | 133,286 | 136,573 |
| Cash ratio | 0.89 | 0.87 | 0.82 | 0.44 | 0.52 | 0.42 | 0.53 | 0.34 | 0.36 | 0.37 | 0.66 | 0.72 | 1.08 | 1.39 | 1.54 | 1.33 | 1.57 | 1.30 | 1.52 | 1.27 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($163,443K
+ $—K)
÷ $183,969K
= 0.89
The cash ratio of Lancaster Colony Corporation has fluctuated over the past 20 quarters, ranging from a low of 0.34 to a high of 1.54. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The company's cash ratio saw a significant improvement in the most recent quarters compared to the earlier periods. In the last few quarters, the cash ratio has been consistently above 1, indicating that Lancaster Colony has more than enough cash to cover its short-term obligations.
Overall, the trend in the cash ratio suggests that Lancaster Colony Corporation has been managing its liquidity effectively and has a strong cash position to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024