LCI Industries (LCII)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 165,756 | 66,157 | 47,499 | 62,896 | 51,821 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 412,053 | 394,992 | 421,300 | 627,216 | 416,394 |
| Cash ratio | 0.40 | 0.17 | 0.11 | 0.10 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($165,756K
+ $—K)
÷ $412,053K
= 0.40
The cash ratio for LCI Industries shows a fluctuating trend over the years analyzed. As of December 31, 2020, the cash ratio stood at 0.12, indicating that the company had $0.12 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased slightly to 0.10 by December 31, 2021, implying a tighter liquidity position.
However, the cash ratio improved to 0.11 by December 31, 2022, showing a slight increase in the company's ability to cover its short-term obligations with cash on hand. By December 31, 2023, the cash ratio rose noticeably to 0.17, suggesting a healthier liquidity position for LCI Industries.
Finally, the cash ratio saw a significant increase to 0.40 by December 31, 2024, indicating a substantial improvement in the company's ability to meet its short-term obligations with cash reserves. Overall, the cash ratio trend for LCI Industries reflects some variability but generally demonstrates a strengthening liquidity position over the period analyzed.
Peer comparison
Dec 31, 2024