Lennox International Inc (LII)
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 | 60,700 | 132,000 | 51,400 | 40,400 | 52,600 | 40,700 | 57,400 | 34,300 | 31,000 | 39,400 | 44,500 | 35,500 | 123,900 | 55,000 | 44,800 | 39,100 | 37,300 | 46,100 | 36,400 | 31,700 |
| Short-term investments | US$ in thousands | 8,400 | 9,600 | 7,200 | 7,100 | 8,500 | 7,500 | 5,300 | 5,700 | 5,500 | 4,900 | 2,800 | 4,500 | 5,100 | 4,100 | 3,800 | 3,700 | 2,900 | 2,400 | 1,800 | — |
| Total current liabilities | US$ in thousands | 1,014,600 | 1,255,000 | 1,741,900 | 1,526,400 | 1,595,700 | 931,700 | 967,700 | 859,400 | 827,100 | 1,100,400 | 1,057,800 | 849,100 | 701,300 | 711,000 | 946,200 | 894,600 | 1,002,700 | 1,109,900 | 1,075,000 | 917,400 |
| Cash ratio | 0.07 | 0.11 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.18 | 0.08 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($60,700K
+ $8,400K)
÷ $1,014,600K
= 0.07
The cash ratio of Lennox International Inc has displayed some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that a company has a stronger ability to cover its short-term obligations.
Lennox International's cash ratio ranged from 0.07 to 0.18 during the period analyzed. The ratio was at its lowest in Q2 2023 at 0.07 and at its highest in Q1 2022 at 0.18. Q4 2023 and Q4 2022 both showed a cash ratio of 0.08, indicating consistency in short-term liquidity across those quarters.
Overall, Lennox International Inc's cash ratio has shown some variability, with some quarters indicating stronger short-term liquidity positions than others. Further analysis and comparison with industry peers would provide additional context regarding the company's cash management and liquidity performance.
Peer comparison
Dec 31, 2023