Gibraltar Industries Inc (ROCK)
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 | 269,480 | 228,879 | 179,102 | 146,665 | 99,426 | 85,465 | 18,621 | 7,497 | 17,608 | 21,919 | 17,149 | 15,573 | 12,849 | 13,934 | 16,963 | 20,731 | 32,054 | 179,816 | 120,859 | 85,966 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 254,862 | 306,593 | 285,485 | 263,599 | 225,578 | 313,015 | 293,048 | 239,693 | 215,320 | 282,368 | 303,528 | 287,701 | 286,990 | 279,736 | 286,809 | 258,667 | 302,240 | 269,493 | 240,143 | 221,523 |
| Cash ratio | 1.06 | 0.75 | 0.63 | 0.56 | 0.44 | 0.27 | 0.06 | 0.03 | 0.08 | 0.08 | 0.06 | 0.05 | 0.04 | 0.05 | 0.06 | 0.08 | 0.11 | 0.67 | 0.50 | 0.39 |
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 fluctuated over the years, indicating various levels of liquidity. The company's cash ratio was consistently below 1 from March 2020 to June 2022, indicating that its cash and cash equivalents were insufficient to cover its current liabilities. However, the ratio improved significantly in the latter half of 2022 and continued to strengthen until December 2024, when it reached a peak of 1.06.
An analysis of the cash ratio trend suggests that Gibraltar Industries Inc has been gradually building up its cash reserves relative to its short-term obligations, indicating improved liquidity and a stronger financial position. The significant increase in the cash ratio from September 2023 to December 2024 is particularly noteworthy and may reflect prudent financial management or positive business performance. It is important to monitor future cash ratio movements to assess the company's ability to meet its short-term liabilities and manage its liquidity effectively.
Peer comparison
Dec 31, 2024