Nucor Corp (NUE)
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 | 3,558,000 | 4,262,800 | 4,638,980 | 4,557,760 | 6,383,300 | 5,855,950 | 4,510,560 | 3,800,030 | 4,280,850 | 3,049,860 | 2,002,710 | 3,725,270 | 2,364,860 | 1,764,290 | 2,722,660 | 2,460,720 | 2,639,670 | 2,866,580 | 2,789,190 | 1,245,160 |
| Short-term investments | US$ in thousands | 581,000 | 595,650 | 795,180 | 981,179 | 747,479 | 863,140 | 870,475 | 817,811 | 576,946 | 377,426 | 363,287 | 446,868 | 253,005 | 247,247 | 398,409 | 402,595 | 408,004 | 412,401 | 247,473 | 146,000 |
| Total current liabilities | US$ in thousands | 4,977,000 | 5,216,790 | 4,865,260 | 3,645,980 | 4,594,510 | 4,283,850 | 4,004,170 | 3,829,940 | 4,329,740 | 4,632,090 | 5,359,200 | 5,133,840 | 5,157,410 | 4,797,600 | 3,879,950 | 2,970,450 | 2,627,860 | 2,373,300 | 1,965,040 | 2,218,570 |
| Cash ratio | 0.83 | 0.93 | 1.12 | 1.52 | 1.55 | 1.57 | 1.34 | 1.21 | 1.12 | 0.74 | 0.44 | 0.81 | 0.51 | 0.42 | 0.80 | 0.96 | 1.16 | 1.38 | 1.55 | 0.63 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,558,000K
+ $581,000K)
÷ $4,977,000K
= 0.83
The cash ratio is a liquidity ratio that indicates a company's ability to cover its short-term obligations using its cash and cash equivalents. For Nucor Corp, the cash ratio fluctuated over the periods provided:
- The cash ratio ranged from a low of 0.42 on September 30, 2021, to a high of 1.57 on September 30, 2023.
- The ratio generally increased from March 31, 2020, to September 30, 2023, indicating an improvement in the company's ability to meet its short-term liabilities with its cash reserves during this period.
- However, there was a slight decline in the cash ratio in the last quarter of 2023 and in the first two quarters of 2024, suggesting a potential decrease in the company's liquidity position during these periods.
- Overall, the cash ratio for Nucor Corp remained above 1 for most of the periods, indicating that the company had more than enough cash and cash equivalents to cover its short-term liabilities. However, there were fluctuations in the ratio over time, reflecting changes in the company's cash position and liquidity management.
Peer comparison
Dec 31, 2024