Sturm Ruger & Company Inc (RGR)
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 | 10,028 | 7,522 | 7,153 | 15,807 | 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 |
| Short-term investments | US$ in thousands | 95,453 | 88,455 | 98,490 | 99,486 | 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 |
| Total current liabilities | US$ in thousands | 60,809 | 54,970 | 52,021 | 50,052 | 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 |
| Cash ratio | 1.73 | 1.75 | 2.03 | 2.30 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($10,028K
+ $95,453K)
÷ $60,809K
= 1.73
Sturm Ruger & Company Inc's cash ratio has fluctuated over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the data, we can see that the cash ratio was at its highest at 3.83 on June 30, 2022, and at its lowest at 1.38 on December 31, 2022. The company's cash ratio generally improved from March 2020 to June 2022, indicating an increase in the proportion of cash relative to short-term liabilities during this period.
However, there was a significant decline in the cash ratio in the subsequent periods, with the ratio dropping below 2.00 from September 2022 to December 2024. This suggests a lower ability to cover short-term liabilities with cash in these quarters.
Overall, it is important for investors and analysts to monitor Sturm Ruger & Company Inc's cash ratio over time to assess the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024