Linde plc Ordinary Shares (LIN)
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 | 4,850,000 | 5,187,000 | 4,626,000 | 4,848,000 | 4,664,000 | 3,894,000 | 3,357,000 | 4,962,000 | 5,436,000 | 3,756,000 | 3,655,000 | 4,464,000 | 2,823,000 | 4,700,000 | 3,137,000 | 4,096,000 | 3,754,000 | 5,199,000 | 4,941,000 | 4,014,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,061,000 | 2,061,000 | — | — | — |
| Total current liabilities | US$ in thousands | 14,544,000 | 14,049,000 | 13,504,000 | 14,389,000 | 15,717,000 | 14,162,000 | 14,552,000 | 17,785,000 | 16,479,000 | 15,061,000 | 15,295,000 | 14,506,000 | 13,643,000 | 14,758,000 | 14,676,000 | 15,027,000 | 13,740,000 | 14,792,000 | 15,095,000 | 15,490,000 |
| Cash ratio | 0.33 | 0.37 | 0.34 | 0.34 | 0.30 | 0.27 | 0.23 | 0.28 | 0.33 | 0.25 | 0.24 | 0.31 | 0.21 | 0.32 | 0.21 | 0.41 | 0.42 | 0.35 | 0.33 | 0.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,850,000K
+ $—K)
÷ $14,544,000K
= 0.33
The cash ratio of Linde plc Ordinary Shares has shown some 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 available cash and cash equivalents.
Initially, the cash ratio was at a relatively low level of 0.26 on March 31, 2020, indicating that the company had limited cash on hand compared to its current liabilities. Over the following quarters, the ratio showed an increasing trend, reaching its peak at 0.42 on December 31, 2020, reflecting a significant improvement in the company's liquidity position.
Subsequently, the cash ratio fluctuated between 0.21 and 0.41 during the next few quarters, showing some instability in the company's ability to cover its short-term obligations with cash reserves. For example, the ratio dropped to 0.21 on June 30, 2021, before increasing to 0.41 on March 31, 2021.
From March 2021 to December 2024, the cash ratio continued to vary within a range of 0.21 to 0.37, without showing a clear upward or downward trend. This suggests that Linde plc's liquidity position remained somewhat volatile during this period, with fluctuations in its ability to meet short-term liabilities with its available cash and cash equivalents.
Overall, the cash ratio analysis indicates that while Linde plc has made efforts to improve its liquidity position over the years, the company still experiences some fluctuations in its ability to cover short-term obligations solely with its cash holdings. Management may need to continue monitoring and managing its cash reserves effectively to ensure the company's liquidity remains stable in the future.
Peer comparison
Dec 31, 2024