Nordson Corporation (NDSN)
Cash ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 115,952 | 165,324 | 125,446 | 136,201 | 115,679 | 143,138 | 129,073 | 121,994 | 163,457 | 128,737 | 120,892 | 170,539 | 299,972 | 174,235 | 133,320 | 225,738 | 208,293 | 221,783 | 306,255 | 115,097 |
| Short-term investments | US$ in thousands | — | — | — | — | 18,356 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 528,477 | 518,267 | 536,011 | 551,680 | 582,089 | 528,609 | 990,392 | 825,461 | 834,203 | 827,282 | 722,498 | 429,467 | 445,394 | 420,822 | 385,267 | 359,609 | 363,089 | 347,218 | 360,189 | 343,321 |
| Cash ratio | 0.22 | 0.32 | 0.23 | 0.25 | 0.23 | 0.27 | 0.13 | 0.15 | 0.20 | 0.16 | 0.17 | 0.40 | 0.67 | 0.41 | 0.35 | 0.63 | 0.57 | 0.64 | 0.85 | 0.34 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($115,952K
+ $—K)
÷ $528,477K
= 0.22
The cash ratio for Nordson Corporation has fluctuated over the past several periods. The cash ratio measures the 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.
From the data provided, we can observe that the cash ratio has ranged from as low as 0.13 to as high as 0.67. This indicates some level of variability in Nordson Corporation's liquidity position over the periods analyzed.
In the most recent period, the cash ratio of 0.22 suggests that Nordson Corporation has $0.22 in cash and cash equivalents for every $1 of its current liabilities. This implies that the company may have enough liquid assets to cover its short-term obligations, but the ratio is relatively lower compared to some of the previous periods.
It is important to note that analyzing the cash ratio in conjunction with other liquidity ratios and trend analysis can provide a more comprehensive understanding of Nordson Corporation's overall liquidity position and financial health.
Peer comparison
Oct 31, 2024