NV5 Global Inc (NVEE)
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 | 50,361 | 73,257 | 29,355 | 44,766 | 44,824 | 46,439 | 28,827 | 31,341 | 38,541 | 54,171 | 44,422 | 81,948 | 47,980 | 121,397 | 113,023 | 92,925 | 64,909 | 64,022 | 65,212 | 38,326 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 210,254 | 194,827 | 154,834 | 162,229 | 159,419 | 193,610 | 166,529 | 168,727 | 160,894 | 163,874 | 156,228 | 152,862 | 163,951 | 135,805 | 134,198 | 136,331 | 136,186 | 113,334 | 119,236 | 109,389 |
| Cash ratio | 0.24 | 0.38 | 0.19 | 0.28 | 0.28 | 0.24 | 0.17 | 0.19 | 0.24 | 0.33 | 0.28 | 0.54 | 0.29 | 0.89 | 0.84 | 0.68 | 0.48 | 0.56 | 0.55 | 0.35 |
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 for NV5 Global Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
At the beginning of the period, the cash ratio was 0.35 on March 31, 2020, indicating that for every dollar of current liabilities, the company had $0.35 in cash and cash equivalents. The ratio increased steadily, reaching its peak at 0.89 on September 30, 2021. This signifies a strong liquidity position where the company had almost enough cash to cover its current liabilities.
However, the ratio declined to 0.19 by June 30, 2023, indicating a decrease in the company's liquidity position. The ratio stayed relatively low until September 30, 2024, where it increased to 0.38. A ratio below 1 suggests that the company may have difficulty meeting its short-term obligations solely with its cash reserves.
Overall, the cash ratio of NV5 Global Inc has experienced fluctuations, showing periods of strong liquidity as well as some challenges in meeting short-term obligations with cash and cash equivalents alone. It is important for the company to monitor and manage its liquidity position effectively to ensure financial stability and meet its obligations on time.
Peer comparison
Dec 31, 2024