Enviri Corporation (NVRI)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 121,239 | 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 | 57,259 | 75,458 | 106,094 | 84,743 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 464,894 | 726,634 | 532,606 | 424,583 |
| Cash ratio | 0.19 | 0.16 | 0.14 | 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 | 0.12 | 0.10 | 0.20 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($121,239K
+ $—K)
÷ $655,233K
= 0.19
The cash ratio of Enviri Corp has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.21 in Q1 2023, Q4 2022, and Q2 2022 to a high of 0.27 in Q3 2023. Overall, the cash ratio has been relatively stable around the 0.21 to 0.27 range, indicating that Enviri Corp has a moderate ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.26 in Q4 2023 suggests that the company had $0.26 in cash and near-cash assets for every $1 of current liabilities. It is important for Enviri Corp to maintain an adequate cash ratio to ensure liquidity and meet its short-term obligations effectively.