Lincoln Electric Holdings Inc (LECO)

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 393,787 342,667 220,483 198,803 197,150 141,307 152,796 154,373 192,958 160,559 190,884 242,126 257,279 152,479 143,055 163,375 199,563 156,612 189,861 267,134
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 754,610 808,142 810,762 835,939 852,897 820,328 903,683 927,652 755,905 745,420 696,020 614,461 549,449 533,161 568,571 654,822 563,135 572,437 571,011 525,527
Cash ratio 0.52 0.42 0.27 0.24 0.23 0.17 0.17 0.17 0.26 0.22 0.27 0.39 0.47 0.29 0.25 0.25 0.35 0.27 0.33 0.51

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($393,787K + $—K) ÷ $754,610K
= 0.52

The cash ratio of Lincoln Electric Holdings, Inc. has shown an increasing trend over the past eight quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, has improved from 0.34 in Q1 2022 to 0.78 in Q4 2023. This indicates that the company has been able to enhance its liquidity position and is better equipped to meet its immediate financial obligations. The steady improvement in the cash ratio reflects positively on the company's financial health and its ability to weather potential short-term financial challenges.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Lincoln Electric Holdings Inc
LECO
0.52
SPX Corp
SPXC
0.35