Linde plc Ordinary Shares (LIN)
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 | 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 | 2,700,000 | 2,120,000 | 2,686,000 | 5,791,000 |
| Short-term investments | US$ in thousands | 187,000 | — | — | — | 184,000 | — | — | — | 18,000 | — | — | 2,061,000 | 23,000 | — | — | — | 40,000 | — | 50,000 | 52,000 |
| Total current liabilities | US$ in thousands | 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 | 12,160,000 | 10,883,000 | 10,521,000 | 11,140,000 |
| Cash ratio | 0.31 | 0.27 | 0.23 | 0.28 | 0.34 | 0.25 | 0.24 | 0.31 | 0.21 | 0.32 | 0.21 | 0.41 | 0.27 | 0.35 | 0.33 | 0.26 | 0.23 | 0.19 | 0.26 | 0.52 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,664,000K
+ $187,000K)
÷ $15,717,000K
= 0.31
The cash ratio of Linde Plc. has shown some fluctuation over the past eight quarters. The ratio peaked at 0.39 in Q1 2022 and reached its lowest point at 0.31 in both Q2 2022 and Q2 2023. This ratio indicates that the company has sufficient cash and cash equivalents to cover its current liabilities, with a higher ratio suggesting greater liquidity.
Overall, the trend of the cash ratio seems to have been relatively stable, staying within the range of 0.31 to 0.39 over the period analyzed. This indicates that Linde Plc. has been able to manage its liquidity position effectively, ensuring that it has enough cash on hand to meet its short-term obligations. However, it would be advisable to continue monitoring this ratio to ensure the company maintains its liquidity position in the future.
Peer comparison
Dec 31, 2023