MDU Resources Group Inc (MDU)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 66,904 | 48,875 | 80,517 | 54,161 | 59,547 |
| Short-term investments | US$ in thousands | — | — | 0 | — | — |
| Total current liabilities | US$ in thousands | 678,598 | 1,075,730 | 1,479,600 | 1,092,240 | 963,522 |
| Cash ratio | 0.10 | 0.05 | 0.05 | 0.05 | 0.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,904K
+ $—K)
÷ $678,598K
= 0.10
The cash ratio for MDU Resources Group Inc has shown some fluctuation over the years. Starting at 0.06 in December 2020, the ratio slightly decreased to 0.05 by December 2021 and remained at that level for the subsequent years until December 2023. However, there was an increase in the cash ratio to 0.10 by December 2024, indicating a positive trend towards a higher level of liquidity. A cash ratio of 0.10 signifies that the company has $0.10 of cash for every $1 of current liabilities, which suggests an improved ability to cover short-term obligations with its cash reserves. Overall, the increasing trend in the cash ratio reflects a strengthened liquidity position for MDU Resources Group Inc over the analyzed period.
Peer comparison
Dec 31, 2024