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