Resideo Technologies Inc (REZI)
Cash ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 692,000 | 531,000 | 413,000 | 603,000 | 636,000 | 368,000 | 381,000 | 292,000 | 326,000 | 252,000 | 251,000 | 244,000 | 779,000 | 686,000 | 579,000 | 508,000 | 517,000 | 260,000 | 362,000 | 338,000 |
| Short-term investments | US$ in thousands | — | — | 19,000 | 20,000 | 20,000 | 23,000 | 23,000 | 21,000 | 23,000 | 18,000 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,790,000 | 1,672,000 | 1,594,000 | 1,385,000 | 1,525,000 | 1,467,000 | 1,524,000 | 1,469,000 | 1,546,000 | 1,542,000 | 1,579,000 | 1,546,000 | 1,494,000 | 1,532,000 | 1,511,000 | 1,446,000 | 1,538,000 | 1,645,000 | 1,662,000 | 1,755,000 |
| Cash ratio | 0.39 | 0.32 | 0.27 | 0.45 | 0.43 | 0.27 | 0.27 | 0.21 | 0.23 | 0.18 | 0.16 | 0.16 | 0.52 | 0.45 | 0.38 | 0.35 | 0.34 | 0.16 | 0.22 | 0.19 |
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 exhibited fluctuations over the past few years. The ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
Starting at 0.19 in March 2020, the cash ratio increased steadily, reaching its peak at 0.52 in December 2021. This upward trend indicates an improvement in the company's ability to meet its short-term obligations solely with its cash reserves during this period.
However, the ratio experienced a decline in the subsequent quarters, dropping to 0.16 in March 2022 and remaining relatively low until June 2023. This downturn might suggest a potential strain on the company's liquidity position during these periods.
In the latter half of 2023, there was a notable rebound in the cash ratio, climbing to 0.45 in December 2023, which then led to a steady range between 0.27 and 0.39 until December 2024.
Overall, the fluctuations in Resideo Technologies Inc's cash ratio indicate varying levels of liquidity over time. It is essential for stakeholders to monitor this ratio closely to assess the company's ability to meet its short-term obligations using its available cash resources.