MDU Resources Group Inc (MDU)
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 | 76,975 | 32,493 | 50,780 | 93,189 | 70,428 | 57,859 | 53,663 | 64,904 | 54,161 | 57,241 | 57,946 | 55,094 | 59,547 | 66,070 | 64,358 | 116,526 | 66,459 | 67,000 | 71,966 | 49,721 |
| Short-term investments | US$ in thousands | — | 276,213 | 246,063 | — | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,075,730 | 1,173,660 | 1,131,760 | 1,636,330 | 1,479,600 | 1,468,300 | 1,370,510 | 1,166,730 | 1,092,240 | 1,072,920 | 944,360 | 900,037 | 963,522 | 1,066,990 | 999,719 | 824,479 | 866,427 | 1,033,680 | 912,602 | 1,062,780 |
| Cash ratio | 0.07 | 0.26 | 0.26 | 0.06 | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.14 | 0.08 | 0.06 | 0.08 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($76,975K
+ $—K)
÷ $1,075,730K
= 0.07
MDU Resources Group Inc's cash ratio has shown some fluctuations over the past eight quarters, ranging from 0.20 to 0.49. The cash ratio measures a company's ability 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.
In Q2 2023 and Q3 2023, the cash ratio was relatively high at 0.49 and 0.46, respectively, suggesting the company had a good level of cash to cover its short-term liabilities during those periods. However, in Q1 2023 and Q4 2022, the cash ratio decreased to 0.24 and 0.22, respectively, which may indicate a lower liquidity position.
It is essential for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity and ability to meet its financial obligations. Additionally, a comparison with industry benchmarks and competitors' cash ratios can provide further insights into MDU Resources Group Inc's financial health.
Peer comparison
Dec 31, 2023