Pitney Bowes Inc (PBI)

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	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	924,442	514,851	771,042	838,905
Short-term investments	US$ in thousands	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	115,879	137,032	59,516	65,405
Total current liabilities	US$ in thousands	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	1,569,690	2,145,560	1,762,320	1,774,760
Cash ratio		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	0.66	0.30	0.47	0.51

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($601,053K + $22,166K) ÷ $1,730,410K
= 0.36

The cash ratio for Pitney Bowes, Inc. has shown a downward trend over the past four quarters. In Q4 2022, the cash ratio was at its peak at 0.47, but it has gradually decreased to 0.41 in Q4 2023. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has weakened over this period. While a decrease in the cash ratio could suggest potential liquidity challenges, it is important to assess this ratio in conjunction with other liquidity and profitability metrics to get a more comprehensive view of Pitney Bowes, Inc.'s financial health.