Pitney Bowes Inc (PBI)
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 | 469,726 | 561,538 | 590,147 | 516,092 | 601,053 | 557,696 | 541,704 | 511,761 | 669,981 | 596,647 | 570,697 | 622,575 | 732,480 | 729,149 | 799,470 | 680,727 | 921,450 | 799,177 | 862,897 | 663,072 |
| Short-term investments | US$ in thousands | 16,374 | 13,972 | 21,852 | 21,859 | 22,166 | 21,732 | 18,972 | 15,614 | 11,172 | 10,014 | 11,519 | 11,383 | 14,440 | 14,060 | 14,904 | 16,200 | 18,974 | 21,185 | 153,221 | 67,180 |
| Total current liabilities | US$ in thousands | 1,672,730 | 1,684,550 | 1,678,190 | 1,625,420 | 1,730,410 | 1,640,530 | 1,856,620 | 1,798,670 | 1,727,800 | 1,598,640 | 1,628,930 | 1,667,250 | 1,727,940 | 1,688,760 | 1,717,240 | 1,594,260 | 1,870,460 | 1,577,910 | 1,678,520 | 1,442,520 |
| Cash ratio | 0.29 | 0.34 | 0.36 | 0.33 | 0.36 | 0.35 | 0.30 | 0.29 | 0.39 | 0.38 | 0.36 | 0.38 | 0.43 | 0.44 | 0.47 | 0.44 | 0.50 | 0.52 | 0.61 | 0.51 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($469,726K
+ $16,374K)
÷ $1,672,730K
= 0.29
The cash ratio of Pitney Bowes Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
The trend in the cash ratio for Pitney Bowes Inc has generally been on a slight decline over the period, starting at 0.51 on March 31, 2020, and reaching 0.29 by December 31, 2024. This indicates that the company may have experienced a decrease in its ability to cover short-term obligations solely from cash resources.
Although there have been fluctuations in the cash ratio over the period, the overall trend suggests a decreasing ability to cover short-term liabilities with cash and cash equivalents. This trend may raise concerns about the company's liquidity position and its ability to meet its short-term obligations using readily available cash resources. Further analysis of the company's cash management practices and liquidity position would be necessary to better understand the implications of this trend.