Pentair PLC (PNR)
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 | 118,700 | 218,100 | 214,300 | 109,100 | 170,300 | 137,000 | 141,600 | 119,200 | 108,900 | 118,800 | 135,100 | 102,300 | 94,500 | 173,200 | 95,900 | 95,000 | 82,100 | 82,600 | 90,600 | 169,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 895,100 | 928,800 | 950,400 | 919,300 | 949,600 | 1,001,900 | 1,060,600 | 1,001,600 | 1,063,100 | 1,100,500 | 1,056,100 | 1,014,400 | 1,051,700 | 1,016,000 | 931,100 | 823,900 | 772,500 | 818,900 | 750,600 | 682,800 |
| Cash ratio | 0.13 | 0.23 | 0.23 | 0.12 | 0.18 | 0.14 | 0.13 | 0.12 | 0.10 | 0.11 | 0.13 | 0.10 | 0.09 | 0.17 | 0.10 | 0.12 | 0.11 | 0.10 | 0.12 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($118,700K
+ $—K)
÷ $895,100K
= 0.13
The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Analyzing Pentair PLC's cash ratio data from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time. The ratio started at 0.25 in March 2020, decreased to 0.10 by September 2020, and then increased to 0.11 by December 2020. Throughout 2021 and 2022, the ratio remained relatively stable around 0.10 to 0.13, signaling consistent but not significant changes in the company's ability to cover its short-term obligations with cash.
In the following years, we observed some fluctuations in the cash ratio with values increasing to 0.23 by June 2024, implying an improvement in the company's liquidity position. However, the ratio declined again to 0.13 by December 2024, indicating a potential decrease in the ability to cover short-term liabilities with cash.
Overall, Pentair PLC's cash ratio showed variations over the period under review, with some fluctuations indicating changes in the company's liquidity position. It is essential for investors and stakeholders to continue monitoring these trends to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024