Sturm Ruger & Company Inc (RGR)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 15,174 | 13,559 | 11,456 | 8,052 | 65,173 | 49,853 | 43,539 | 41,586 | 21,044 | 27,677 | 23,561 | 24,137 | 20,147 | 29,650 | 17,701 | 37,979 | 35,420 | 22,813 | 32,220 | 35,394 |
| Short-term investments | US$ in thousands | 102,485 | 106,451 | 126,211 | 122,027 | 159,132 | 165,308 | 165,000 | 169,990 | 199,971 | 164,996 | 149,994 | 121,997 | 121,007 | 103,977 | 208,882 | 149,575 | 129,488 | 114,507 | 99,562 | 99,524 |
| Total current liabilities | US$ in thousands | 63,195 | 61,187 | 59,894 | 61,594 | 163,067 | 60,202 | 54,495 | 66,177 | 77,109 | 80,387 | 77,729 | 73,045 | 81,761 | 67,392 | 76,313 | 62,492 | 61,244 | 48,712 | 42,976 | 55,567 |
| Cash ratio | 1.86 | 1.96 | 2.30 | 2.11 | 1.38 | 3.57 | 3.83 | 3.20 | 2.87 | 2.40 | 2.23 | 2.00 | 1.73 | 1.98 | 2.97 | 3.00 | 2.69 | 2.82 | 3.07 | 2.43 |
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 been relatively stable over the past eight quarters, ranging from a low of 1.42 in Q4 2022 to a high of 4.05 in Q3 2022. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more liquid assets to meet its short-term obligations.
In the most recent quarter, Q4 2023, the cash ratio stood at 2.08, indicating that the company had $2.08 in cash and cash equivalents for every dollar of short-term liabilities. This suggests that Sturm, Ruger & Co., Inc. has a healthy level of liquidity to meet its immediate financial obligations. However, it is important to note that while the cash ratio has been fluctuating, the overall trend seems to be within a reasonable range for the company's operations.
The relatively consistent cash ratio over the past quarters suggests that Sturm, Ruger & Co., Inc. has been managing its liquidity effectively. Investors and stakeholders may view a stable cash ratio positively, as it indicates that the company is able to meet its short-term obligations without relying heavily on external financing or facing liquidity challenges.
Peer comparison
Dec 31, 2023