Owens Corning Inc (OC)
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 | 361,000 | 499,000 | 254,000 | 1,254,000 | 1,615,000 | 1,323,000 | 968,000 | 757,000 | 1,099,000 | 751,000 | 810,000 | 748,000 | 959,000 | 920,000 | 888,000 | 605,000 | 717,000 | 647,000 | 582,000 | 234,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 38,000 | 29,000 | 21,000 | 11,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,297,000 | 2,682,000 | 2,722,000 | 2,268,000 | 2,324,000 | 1,826,000 | 1,832,000 | 1,933,000 | 2,104,000 | 2,014,000 | 1,974,000 | 1,999,000 | 1,697,000 | 1,686,000 | 1,637,000 | 1,467,000 | 1,440,000 | 1,351,000 | 1,393,000 | 1,430,000 |
| Cash ratio | 0.16 | 0.19 | 0.09 | 0.55 | 0.69 | 0.72 | 0.53 | 0.39 | 0.52 | 0.39 | 0.43 | 0.38 | 0.57 | 0.55 | 0.54 | 0.41 | 0.50 | 0.48 | 0.42 | 0.16 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($361,000K
+ $—K)
÷ $2,297,000K
= 0.16
The cash ratio of Owens Corning Inc has experienced fluctuations over the analyzed periods, ranging from a low of 0.09 to a high of 0.72. The trend indicates some variability in the company's ability to cover its current liabilities solely with its cash and cash equivalents. The ratio saw a notable increase from September 30, 2023, to December 31, 2023, indicating a temporary improvement in the company's liquidity position. However, the ratio dropped significantly in June 30, 2024, suggesting a potential strain on the company's ability to meet short-term obligations with its available cash. Investors and analysts may want to further investigate the factors driving these fluctuations in the cash ratio to assess Owens Corning Inc's financial health and liquidity management.