NV5 Global Inc (NVEE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 50,361 | 44,824 | 38,541 | 47,980 | 64,909 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 210,254 | 159,419 | 160,894 | 163,951 | 136,186 |
| Cash ratio | 0.24 | 0.28 | 0.24 | 0.29 | 0.48 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,361K
+ $—K)
÷ $210,254K
= 0.24
The cash ratio of NV5 Global Inc has shown a downward trend over the past five years, decreasing from 0.48 on December 31, 2020, to 0.24 on both December 31, 2022, and December 31, 2024. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has weakened during this period. The lowest cash ratio was recorded on December 31, 2022, and December 31, 2024, suggesting that the company may have faced challenges in maintaining sufficient liquid assets to meet its immediate financial obligations. It is important for NV5 Global Inc to closely monitor its cash position and liquidity management to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024