Lennox International Inc (LII)
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 | 415,100 | 243,100 | 47,600 | 45,700 | 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 |
| Short-term investments | US$ in thousands | 7,200 | 12,600 | 10,200 | 11,900 | 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 |
| Total current liabilities | US$ in thousands | 1,313,300 | 1,316,000 | 1,104,500 | 1,097,400 | 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 |
| Cash ratio | 0.32 | 0.19 | 0.05 | 0.05 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($415,100K
+ $7,200K)
÷ $1,313,300K
= 0.32
The cash ratio of Lennox International Inc, as depicted by the provided data, indicates the company's ability to cover its current liabilities with its cash and cash equivalents.
The trend analysis of the cash ratio shows fluctuations over the periods under observation. From March 2020 to December 2024, the cash ratio ranged from a low of 0.03 to a high of 0.32. Notable changes in the cash ratio occurred, with a significant increase from 0.05 in December 2020 to 0.32 in December 2024, showcasing a substantial improvement in the company's liquidity position.
It is important to note that a higher cash ratio indicates a stronger ability to cover short-term liabilities with cash, signifying a healthier financial position and liquidity. However, the cash ratio fluctuated during the period, which could indicate changes in the company's cash management or liquidity position.
Overall, while the company's cash ratio improved significantly over the period, further analysis of the company's cash management practices and overall financial health would provide a more comprehensive understanding of its liquidity position.
Peer comparison
Dec 31, 2024