Enviri Corporation (NVRI)
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 | 88,359 | 110,243 | 107,506 | 107,408 | 124,614 | 95,592 | 85,484 | 91,759 | 81,332 | 81,740 | 96,782 | 85,216 | 82,908 | 75,578 | 77,870 | 79,308 | 76,454 | 83,859 | 81,784 | 66,488 |
| Short-term investments | US$ in thousands | — | — | 2,191 | 2,202 | 1,443 | 3,326 | 3,110 | 1,310 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 566,382 | 619,079 | 593,887 | 577,783 | 655,233 | 592,889 | 606,967 | 618,278 | 597,281 | 591,698 | 598,393 | 593,560 | 601,391 | 578,282 | 550,913 | 518,732 | 537,955 | 539,966 | 512,984 | 450,750 |
| Cash ratio | 0.16 | 0.18 | 0.18 | 0.19 | 0.19 | 0.17 | 0.15 | 0.15 | 0.14 | 0.14 | 0.16 | 0.14 | 0.14 | 0.13 | 0.14 | 0.15 | 0.14 | 0.16 | 0.16 | 0.15 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($88,359K
+ $—K)
÷ $566,382K
= 0.16
The cash ratio of Enviri Corporation has been relatively stable, fluctuating between 0.13 and 0.19 over the past few years. The cash ratio measures the company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio indicates a company has more liquidity and is better positioned to meet its short-term financial commitments. Enviri's cash ratio hovering around 0.15 to 0.18 suggests that the company has maintained a moderate level of liquidity, which can provide a buffer for unexpected expenses or economic downturns. However, it is important for Enviri to monitor its cash ratio periodically to ensure it remains at an appropriate level to support its operations and financial health.