Pool Corporation (POOL)
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 | 66,540 | 85,220 | 53,225 | 26,470 | 45,591 | 49,079 | 91,481 | 35,365 | 24,321 | 83,475 | 58,465 | 27,078 | 34,128 | 74,749 | 44,185 | 17,808 | 28,583 | 36,693 | 60,694 | 28,581 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 36,529 | 24,828 | — | — | 1,242 | 1,293 | 1,305 | 1,292 | 1,314 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 770,766 | 709,120 | 771,740 | 977,420 | 675,714 | 737,260 | 891,035 | 958,448 | 744,416 | 722,136 | 697,734 | 843,342 | 483,249 | 482,518 | 552,116 | 652,290 | 390,846 | 363,633 | 503,627 | 597,623 |
| Cash ratio | 0.09 | 0.12 | 0.07 | 0.03 | 0.07 | 0.12 | 0.13 | 0.04 | 0.03 | 0.12 | 0.09 | 0.03 | 0.07 | 0.16 | 0.08 | 0.03 | 0.07 | 0.10 | 0.12 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,540K
+ $—K)
÷ $770,766K
= 0.09
The cash ratio of Pool Corporation has shown some fluctuations over the past eight quarters, ranging from a low of 0.06 in Q1 2023 to a high of 0.16 in Q3 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
A cash ratio of 0.14 in Q4 2023 indicates that Pool Corporation had $0.14 of cash and cash equivalents for every $1 of current liabilities. This suggests that the company has a moderate level of liquidity to meet its short-term obligations.
Overall, the trend in the cash ratio shows some variability, with periods of higher and lower ratios observed. It is important for Pool Corporation to closely monitor its cash position to ensure it maintains adequate liquidity to meet any unforeseen financial challenges or opportunities that may arise.