PTC Inc (PTC)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	265,808	247,749	248,971	264,997	288,103	281,513	320,477	387,588	272,182	322,326	306,701	296,125	326,532	365,756	326,081	398,697	275,458	377,428	826,776	237,017
Short-term investments	US$ in thousands	—	—	—	—	123,684	—	—	—	—	—	—	87,306	—	—	—	—	28,129	25,830	34,254	29,260
Total current liabilities	US$ in thousands	1,667,190	1,569,250	1,515,020	950,333	1,671,180	1,611,660	1,593,050	786,742	792,258	769,671	782,381	779,978	779,282	746,199	766,820	712,238	680,760	666,291	1,192,170	631,512
Cash ratio		0.16	0.16	0.16	0.28	0.25	0.17	0.20	0.49	0.34	0.42	0.39	0.49	0.42	0.49	0.43	0.56	0.45	0.61	0.72	0.42

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($265,808K + $—K) ÷ $1,667,190K
= 0.16

The cash ratio of PTC Inc has shown some fluctuations over the past few quarters. As of September 30, 2024, the cash ratio stood at 0.16, indicating that for every dollar of current liabilities, the company had $0.16 in cash or cash equivalents. This ratio has remained relatively consistent at around 0.16 over the past three quarters.

However, comparing it to the ratio of 0.56 as of December 31, 2020, and 0.45 as of September 30, 2020, the current cash ratio appears relatively lower. The highest cash ratio observed in recent quarters was 0.72 as of March 31, 2020.

The trend in the cash ratio suggests that PTC Inc may have maintained a relatively lower level of liquidity in recent quarters compared to previous periods. It is important to monitor the cash ratio over time to assess the company's ability to meet its short-term obligations with cash on hand.