Resideo Technologies Inc (REZI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 692,000 | 636,000 | 326,000 | 779,000 | 517,000 |
| Short-term investments | US$ in thousands | — | 20,000 | 23,000 | — | — |
| Total current liabilities | US$ in thousands | 1,790,000 | 1,525,000 | 1,546,000 | 1,494,000 | 1,538,000 |
| Cash ratio | 0.39 | 0.43 | 0.23 | 0.52 | 0.34 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($692,000K
+ $—K)
÷ $1,790,000K
= 0.39
The cash ratio of Resideo Technologies Inc has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio was 0.34, indicating that the company had $0.34 in cash and cash equivalents for every $1 of current liabilities. By December 31, 2021, the cash ratio improved to 0.52, suggesting a stronger liquidity position compared to the previous year.
However, in December 31, 2022, the cash ratio declined to 0.23, signaling a lower ability to cover short-term obligations with cash on hand. The following year, as of December 31, 2023, the cash ratio rebounded to 0.43, showing an improvement in liquidity management.
As of the most recent data available as of December 31, 2024, the cash ratio stands at 0.39, indicating that the company maintains a moderate level of liquidity to meet its short-term obligations. Overall, the analysis of Resideo Technologies Inc's cash ratio illustrates varying levels of liquidity over the past five years, with some fluctuations but a generally adequate ability to cover short-term liabilities.