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