National Presto Industries Inc (NPK)
Cash ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 17,663 | 17,663 | 16,329 | 32,571 | 63,546 | 87,657 | 70,411 | 73,362 | 75,625 | 70,711 | 61,784 | 67,089 | 82,531 | 109,805 | 91,013 | 73,052 | 65,121 | 86,036 | 44,428 | 32,359 |
| Short-term investments | US$ in thousands | 5,010 | 5,010 | 16,888 | 20,870 | 24,372 | 26,454 | 24,966 | 26,345 | 29,013 | 24,863 | 43,710 | 43,029 | 35,298 | 34,190 | 33,313 | 42,465 | 52,092 | 68,981 | 79,098 | 98,382 |
| Total current liabilities | US$ in thousands | 74,436 | 74,436 | 70,489 | 68,046 | 73,727 | 72,019 | 63,416 | 56,471 | 56,376 | 53,641 | 51,632 | 48,207 | 49,646 | 53,159 | 61,158 | 46,028 | 51,530 | 55,092 | 46,639 | 55,166 |
| Cash ratio | 0.30 | 0.30 | 0.47 | 0.79 | 1.19 | 1.58 | 1.50 | 1.77 | 1.86 | 1.78 | 2.04 | 2.28 | 2.37 | 2.71 | 2.03 | 2.51 | 2.27 | 2.81 | 2.65 | 2.37 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($17,663K
+ $5,010K)
÷ $74,436K
= 0.30
The cash ratio of National Presto Industries Inc has fluctuated over the years, starting at a relatively high level of 2.37 on June 30, 2020, and peaking at 2.81 on December 31, 2020. However, the ratio steadily declined thereafter, reaching 0.30 as of March 31, 2025.
A cash ratio above 1 indicates that the company has enough cash to cover its short-term liabilities, suggesting a strong liquidity position. In the case of National Presto Industries Inc, the decreasing trend in the cash ratio could indicate potential liquidity concerns or a shift in the company's cash management strategy. It would be important for stakeholders to monitor this trend closely to ensure the company can meet its financial obligations and maintain financial stability.
Peer comparison
Mar 31, 2025