RBC Bearings Incorporated (RBC)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 36,800 | 60,600 | 89,100 | 76,800 | 63,500 | 71,600 | 56,600 | 56,700 | 65,400 | 82,036 | 88,495 | 119,587 | 182,862 | 255,503 | 1,348,610 | 1,348,610 | 151,086 | 126,192 | 166,352 | 143,615 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 120,320 | 120,320 | 90,249 | 75,539 | — | — |
| Total current liabilities | US$ in thousands | 315,300 | 292,700 | 293,900 | 330,300 | 294,300 | 291,600 | 288,300 | 316,000 | 309,300 | 282,672 | 306,249 | 330,405 | 313,460 | 343,036 | 112,291 | 112,291 | 88,238 | 88,412 | 88,510 | 100,290 |
| Cash ratio | 0.12 | 0.21 | 0.30 | 0.23 | 0.22 | 0.25 | 0.20 | 0.18 | 0.21 | 0.29 | 0.29 | 0.36 | 0.58 | 0.74 | 13.08 | 13.08 | 2.74 | 2.28 | 1.88 | 1.43 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($36,800K
+ $—K)
÷ $315,300K
= 0.12
The cash ratio of RBC Bearings Incorporated, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the observation period. Starting at 1.43 on June 30, 2020, the cash ratio improved gradually, reaching its peak at 13.08 on June 30, 2021, and maintaining the same level on September 30, 2021.
However, there was a significant decrease in the cash ratio to 0.74 on December 31, 2021, followed by a further decline to 0.58 on March 31, 2022, and a downward trend in subsequent periods. As of March 31, 2025, the cash ratio stands at 0.12.
The declining cash ratio indicates that RBC Bearings Incorporated may face challenges in meeting its short-term obligations solely with its cash reserves. It is essential for the company to monitor its liquidity position closely and explore strategies to strengthen its cash position to ensure financial stability in the future.
Peer comparison
Mar 31, 2025