LCI Industries (LCII)
Cash ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 35,359 | 24,168 | 15,128 | 14,317 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 271,258 | 256,072 | 220,392 | 215,211 |
| Cash ratio | 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 | 0.13 | 0.09 | 0.07 | 0.07 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,157K
+ $—K)
÷ $394,992K
= 0.17
The cash ratio of LCI Industries has exhibited fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. In Q4 2023, the cash ratio stood at 0.34, representing an improvement compared to the previous quarter's value of 0.24. This indicates that LCI Industries had $0.34 of cash and cash equivalents for every dollar of its current liabilities in Q4 2023.
Over the four quarters before Q4 2023, the cash ratio ranged from 0.17 to 0.35. The lowest point was seen in Q1 2022 at 0.17, while the highest point was in Q4 2022 at 0.35. The fluctuations in the cash ratio suggest varying levels of liquidity management by the company during this period.
It is essential for LCI Industries to maintain a healthy cash ratio to ensure its ability to meet its short-term obligations. Analyzing trends in the cash ratio over time helps in assessing the company's liquidity position and its ability to weather unexpected financial challenges effectively.
Peer comparison
Dec 31, 2023