ManpowerGroup Inc (MAN)
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 | 509,400 | 410,900 | 468,900 | 604,800 | 581,300 | 571,100 | 407,600 | 706,700 | 639,000 | 527,500 | 886,200 | 777,300 | 847,800 | 1,612,600 | 1,461,400 | 1,522,700 | 1,567,100 | 1,587,700 | 1,438,600 | 1,099,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,525,000 | 4,578,000 | 4,504,100 | 4,799,700 | 4,427,700 | 4,616,400 | 4,579,600 | 4,911,700 | 4,450,000 | 5,401,100 | 5,697,200 | 5,780,500 | 5,349,400 | 4,950,200 | 4,750,400 | 4,684,800 | 4,275,500 | 3,937,600 | 4,075,500 |
| Cash ratio | 0.11 | 0.09 | 0.10 | 0.13 | 0.12 | 0.13 | 0.09 | 0.15 | 0.13 | 0.12 | 0.16 | 0.14 | 0.15 | 0.30 | 0.30 | 0.32 | 0.33 | 0.37 | 0.37 | 0.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($509,400K
+ $—K)
÷ $4,437,100K
= 0.11
The cash ratio of ManpowerGroup Inc has displayed a fluctuating trend over the reporting periods provided. The cash ratio ranged from a high of 0.37 in June 2020 and September 2020 to a low of 0.09 in June 2023 and September 2024. Generally, a higher cash ratio indicates a greater ability for a company to cover its short-term liabilities using its cash and cash equivalents.
The declining trend observed in the cash ratio from 2020 to 2024 may raise concerns about the company's liquidity position. A decreasing cash ratio could suggest that ManpowerGroup Inc may be facing challenges in maintaining sufficient cash reserves relative to its current liabilities. It is important for the company to assess its cash management practices and ensure it maintains an adequate level of liquidity to meet its short-term financial obligations.
However, it is important to consider other liquidity ratios and factors in conjunction with the cash ratio to get a complete picture of ManpowerGroup Inc's overall liquidity and financial health. Further analysis of the company's operating cash flows, working capital management, and potential changes in its business operations can provide additional insights into its liquidity position.
Peer comparison
Dec 31, 2024