MDU Resources Group Inc (MDU)
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 | 50,204 | 104,016 | 94,438 | 89,296 | 48,875 | 32,493 | 50,780 | 93,189 | 80,517 | 74,620 | 65,394 | 64,904 | 54,161 | 57,241 | 57,946 | 55,094 | 59,547 | 66,070 | 64,358 | 116,526 |
| Short-term investments | US$ in thousands | — | 0 | 0 | — | — | 276,213 | 246,063 | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 678,598 | 1,281,380 | 1,149,860 | 922,823 | 1,075,730 | 1,173,660 | 1,131,760 | 1,636,330 | 1,479,600 | 1,468,300 | 1,380,680 | 1,166,730 | 1,092,240 | 1,072,920 | 944,360 | 900,037 | 963,522 | 1,066,990 | 999,719 | 824,479 |
| Cash ratio | 0.07 | 0.08 | 0.08 | 0.10 | 0.05 | 0.26 | 0.26 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.14 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,204K
+ $—K)
÷ $678,598K
= 0.07
The cash ratio of MDU Resources Group Inc has shown some fluctuations over the reported periods. 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 cover short-term obligations.
Based on the data provided:
- The cash ratio ranged from 0.05 to 0.26 during the period.
- The lowest cash ratio was observed in September 2021 and December 2023 at 0.05, indicating a lower level of cash and cash equivalents relative to the company's short-term liabilities.
- The highest cash ratio was seen in June 2023 at 0.26, suggesting a relatively robust position in terms of liquidity.
- Overall, the cash ratio fluctuated within a narrow range over the period, with the most recent data point in December 2024 showing a ratio of 0.07.
It is important to note that while the cash ratio provides insight into short-term liquidity, it is also essential to consider other liquidity and solvency ratios in conjunction with the cash ratio to gain a comprehensive understanding of MDU Resources Group Inc's financial health.
Peer comparison
Dec 31, 2024