N-Able Inc (NABL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 85,196 | 153,048 | 98,847 | 66,736 | 99,790 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 150,098 | 81,717 | 61,814 | 60,878 | 54,827 |
| Cash ratio | 0.57 | 1.87 | 1.60 | 1.10 | 1.82 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($85,196K
+ $—K)
÷ $150,098K
= 0.57
The cash ratio for N-Able Inc has fluctuated over the years. In December 31, 2020, the company had a high cash ratio of 1.82, indicating that it had $1.82 in cash and cash equivalents for every $1 of current liabilities. However, by December 31, 2021, the cash ratio decreased to 1.10, suggesting a reduction in the company's ability to cover its short-term liabilities with cash on hand.
The company's cash ratio improved to 1.60 by December 31, 2022, indicating a recovery in its liquidity position. This was further strengthened by a higher cash ratio of 1.87 on December 31, 2023, reflecting the company's ability to cover its short-term obligations comfortably.
However, there was a significant decrease in the cash ratio to 0.57 by December 31, 2024, implying a potential liquidity challenge for N-Able Inc. This sharp decline could raise concerns about the company's ability to meet its short-term financial obligations solely with its available cash resources.
Overall, fluctuations in the cash ratio of N-Able Inc over the years highlight the importance of closely monitoring liquidity levels to ensure the company can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024