LCI Industries (LCII)
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 | 165,756 | 161,184 | 130,418 | 22,625 | 66,157 | 31,242 | 22,094 | 23,465 | 47,499 | 23,403 | 54,988 | 55,449 | 62,896 | 72,615 | 97,961 | 63,319 | 51,821 | 68,187 | 62,272 | 97,999 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 412,053 | 431,974 | 432,493 | 409,040 | 394,992 | 414,016 | 441,452 | 436,031 | 421,300 | 500,121 | 638,243 | 741,003 | 627,216 | 684,131 | 550,590 | 534,988 | 416,394 | 400,523 | 309,871 | 300,037 |
| Cash ratio | 0.40 | 0.37 | 0.30 | 0.06 | 0.17 | 0.08 | 0.05 | 0.05 | 0.11 | 0.05 | 0.09 | 0.07 | 0.10 | 0.11 | 0.18 | 0.12 | 0.12 | 0.17 | 0.20 | 0.33 |
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 of LCI Industries has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
The company's cash ratio started at 0.33 on March 31, 2020, indicating that for every dollar of current liabilities, the company had $0.33 of cash on hand. However, it decreased to 0.10 by December 31, 2021, indicating a decrease in the company's ability to cover its short-term obligations with cash alone.
The ratio fluctuated during the following quarters but showed signs of improvement by reaching 0.37 on September 30, 2024, which suggests an increase in the company's liquidity position. This improvement could be attributed to an increase in cash reserves or a decrease in short-term liabilities during this period.
Overall, the trend in LCI Industries' cash ratio depicts fluctuations in its liquidity position over the analyzed period, with some quarters showing better liquidity than others. Investors and stakeholders may monitor this ratio to assess the company's ability to meet its short-term obligations and manage its cash resources effectively.
Peer comparison
Dec 31, 2024