ManpowerGroup Inc (MAN)

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	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	1,025,800	807,100	770,400	566,300
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	4,441,400	4,111,300	4,359,900	4,216,800
Cash ratio		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	0.23	0.20	0.18	0.13

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($581,300K + $—K) ÷ $4,799,700K
= 0.12

The cash ratio of ManpowerGroup has fluctuated over the past eight quarters, ranging from 0.13 to 0.20. The cash ratio measures the ability of a company to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.

In Q2 2022, ManpowerGroup had its highest cash ratio of 0.20, suggesting a robust cash position relative to its short-term liabilities at that time. In contrast, the lowest cash ratio of 0.13 was recorded in Q2 2023, indicating a relatively weaker liquidity position.

Overall, the trend in ManpowerGroup's cash ratio shows some variability, which may indicate fluctuations in cash holdings and short-term liabilities over the quarters. It is important for investors and analysts to monitor these fluctuations to assess the company's liquidity risk and financial health.