Gibraltar Industries Inc (ROCK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 269,480 | 99,426 | 17,608 | 12,849 | 32,054 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 254,862 | 225,578 | 215,320 | 286,990 | 302,240 |
| Cash ratio | 1.06 | 0.44 | 0.08 | 0.04 | 0.11 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($269,480K
+ $—K)
÷ $254,862K
= 1.06
The cash ratio of Gibraltar Industries Inc has shown fluctuations over the period from December 31, 2020, to December 31, 2024. It started at 0.11 in December 2020, indicating that the company had $0.11 in cash for every $1 of current liabilities.
However, by the end of December 2021, the cash ratio had decreased to 0.04, suggesting a lower proportion of cash available to cover short-term obligations. This may raise concerns about the company's liquidity position.
In the following years, the cash ratio improved, reaching 0.08 by December 31, 2022, and further increasing to 0.44 by December 31, 2023. This upward trend indicates that Gibraltar Industries Inc may have strengthened its liquidity position and its ability to meet short-term obligations with cash on hand.
By the end of December 31, 2024, the cash ratio significantly improved to 1.06, indicating the company had more than enough cash to cover its current liabilities. This substantial increase in the cash ratio suggests that Gibraltar Industries Inc has significantly enhanced its liquidity position, which may positively impact its financial stability and ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2024