Proto Labs Inc (PRLB)
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 | 83,790 | 83,496 | 66,493 | 62,051 | 56,558 | 59,361 | 54,666 | 57,239 | 65,929 | 47,802 | 41,909 | 43,774 | 127,603 | 118,254 | 98,003 | 91,905 | 125,225 | 121,568 | 100,535 | 85,350 |
| Short-term investments | US$ in thousands | 19,013 | 19,204 | 19,945 | 22,851 | 23,568 | 25,253 | 24,379 | 19,914 | 11,580 | 16,542 | 18,341 | 19,592 | 34,088 | 30,993 | 33,128 | 38,194 | 35,437 | 23,642 | 35,867 | 35,045 |
| Total current liabilities | US$ in thousands | 49,681 | 74,628 | 66,221 | 78,380 | 71,581 | 60,720 | 58,916 | 60,251 | 54,896 | 56,063 | 62,417 | 59,849 | 50,254 | 51,693 | 51,103 | 47,297 | 47,581 | 54,808 | 51,433 | 41,443 |
| Cash ratio | 2.07 | 1.38 | 1.31 | 1.08 | 1.12 | 1.39 | 1.34 | 1.28 | 1.41 | 1.15 | 0.97 | 1.06 | 3.22 | 2.89 | 2.57 | 2.75 | 3.38 | 2.65 | 2.65 | 2.91 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,790K
+ $19,013K)
÷ $49,681K
= 2.07
Based on the data provided for Proto Labs Inc's cash ratio over the past eight quarters, we can observe fluctuations in the company's ability to cover its short-term liabilities with cash and cash equivalents.
In Q4 2023, Proto Labs Inc's cash ratio stood at 2.25, indicating that the company had $2.25 in cash and cash equivalents for every dollar of current liabilities. This is a significant increase from the previous quarter, Q3 2023, where the cash ratio was 1.49.
Overall, the trend in Proto Labs Inc's cash ratio shows variability over the quarters, with some periods showing stronger liquidity positions than others. It is important for investors and stakeholders to monitor these fluctuations closely to assess the company's ability to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2023