Proto Labs Inc (PRLB)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 89,071 83,790 56,558 65,929 127,603
Short-term investments US$ in thousands 14,019 19,013 23,568 11,580 34,088
Total current liabilities US$ in thousands 53,271 49,681 71,581 54,896 50,254
Cash ratio 1.94 2.07 1.12 1.41 3.22

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($89,071K + $14,019K) ÷ $53,271K
= 1.94

The cash ratio of Proto Labs Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the cash ratio was 3.22, indicating that the company had a strong ability to cover its short-term liabilities with its cash and cash equivalents. However, by December 31, 2022, the cash ratio decreased to 1.12, suggesting a lower level of liquidity compared to previous years.

The cash ratio improved by December 31, 2023, reaching 2.07, signaling a better position to meet short-term obligations with available cash. Despite this improvement, there was a slight decrease by December 31, 2024, with the cash ratio standing at 1.94.

Overall, Proto Labs Inc's cash ratio trend indicates fluctuations in its liquidity position over the years, with varying levels of ability to cover short-term obligations with cash and cash equivalents. It is essential for the company to monitor its liquidity closely to ensure it can meet its financial obligations when they come due.


Peer comparison

Dec 31, 2024

Company name
Symbol
Cash ratio
Proto Labs Inc
PRLB
1.94
Arcosa Inc
ACA
0.36
Valmont Industries Inc
VMI
0.20