Sturm Ruger & Company Inc (RGR)
Cash ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 15,174 | 65,173 | 21,044 | 20,147 | 35,420 |
Short-term investments | US$ in thousands | 102,485 | 159,132 | 199,971 | 121,007 | 129,488 |
Total current liabilities | US$ in thousands | 63,195 | 163,067 | 77,109 | 81,761 | 61,244 |
Cash ratio | 1.86 | 1.38 | 2.87 | 1.73 | 2.69 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($15,174K
+ $102,485K)
÷ $63,195K
= 1.86
The cash ratio of Sturm, Ruger & Co., Inc. has exhibited some fluctuations over the past five years. The ratio was 2.08 at the end of December 2023, indicating that the company had $2.08 in cash and cash equivalents for every dollar of current liabilities. This represents an improvement from the previous year when the ratio was 1.42, suggesting a stronger liquidity position in the most recent period.
Looking back further, the cash ratio was 2.95 at the end of December 2021, reflecting a relatively higher level of liquidity compared to the most recent year. However, in December 2020 and 2019, the cash ratios were 1.80 and 2.75 respectively, showing fluctuations in the company's liquidity position during those years.
Overall, the trend in the cash ratio of Sturm, Ruger & Co., Inc. indicates some variability in its liquidity levels over the past five years. It is essential for investors and stakeholders to continue monitoring the company's cash position and its ability to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023