MYR Group Inc (MYRG)
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 | 3,464 | 7,569 | 1,869 | 3,911 | 24,899 | 30,471 | 22,850 | 47,039 | 51,040 | 35,767 | 22,057 | 18,732 | 82,092 | 73,006 | 68,322 | 73,069 | 22,668 | 18,946 | 9,991 | 33,997 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,786 | 4,580 | 3,040 | 3,040 | 4,972 | — | — |
| Total current liabilities | US$ in thousands | 748,900 | 762,436 | 747,443 | 732,358 | 747,202 | 740,651 | 684,560 | 624,845 | 666,960 | 585,014 | 565,406 | 498,264 | 498,599 | 455,701 | 469,879 | 447,824 | 443,400 | 459,554 | 403,534 | 378,244 |
| Cash ratio | 0.00 | 0.01 | 0.00 | 0.01 | 0.03 | 0.04 | 0.03 | 0.08 | 0.08 | 0.06 | 0.04 | 0.04 | 0.16 | 0.17 | 0.16 | 0.17 | 0.06 | 0.05 | 0.02 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,464K
+ $—K)
÷ $748,900K
= 0.00
The cash ratio of MYR Group Inc, which reflects the company's ability to cover its short-term obligations with its cash and cash equivalents, has shown fluctuations over the periods analyzed.
In the most recent quarter, on December 31, 2024, the cash ratio stood at 0.00, indicating that the company had no cash or cash equivalents to cover its current liabilities. This might raise concerns about the company's liquidity position.
The ratio ranged between 0.00 and 0.17 during the quarters between March 31, 2020, and September 30, 2024. It peaked at 0.17 in March 31, 2021, and September 30, 2021, showing a strong ability to cover short-term obligations with available cash during those periods.
However, the cash ratio dropped significantly in subsequent quarters, with the ratio remaining at a low level of 0.00 in June 30, 2024, and December 31, 2024.
Overall, the trend in MYR Group Inc's cash ratio indicates fluctuations in its ability to cover short-term obligations with cash and cash equivalents, with an evident decline in liquidity in more recent quarters. It is essential for the company to monitor and manage its cash reserves effectively to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024