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.
Peer comparison
Dec 31, 2023