Rockwell Automation Inc (ROK)
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 | 439,500 | 1,071,800 | 443,500 | 456,000 | 460,000 | 490,700 | 482,900 | 443,000 | 540,000 | 662,200 | 913,800 | 641,900 | 730,400 | 704,600 | 909,800 | 641,800 | 926,200 | 1,018,400 | 788,800 | 780,000 |
| Short-term investments | US$ in thousands | 600 | 600 | 600 | 600 | 12,400 | 12,600 | 6,200 | 6,400 | 600 | 600 | 600 | 600 | 700 | 600 | 600 | 600 | 600 | 39,600 | 124,600 | 122,200 |
| Total current liabilities | US$ in thousands | 3,310,900 | 3,365,300 | 3,922,100 | 3,794,200 | 3,746,700 | 3,572,200 | 3,281,200 | 3,027,600 | 2,914,100 | 2,992,200 | 2,456,300 | 2,139,800 | 2,188,600 | 1,810,800 | 2,242,100 | 1,762,000 | 2,067,500 | 1,936,800 | 1,952,500 | 1,871,900 |
| Cash ratio | 0.13 | 0.32 | 0.11 | 0.12 | 0.13 | 0.14 | 0.15 | 0.15 | 0.19 | 0.22 | 0.37 | 0.30 | 0.33 | 0.39 | 0.41 | 0.36 | 0.45 | 0.55 | 0.47 | 0.48 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($439,500K
+ $600K)
÷ $3,310,900K
= 0.13
The cash ratio of Rockwell Automation Inc has fluctuated over the past eight quarters. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has varied between 0.18 and 0.40 during this period.
The cash ratio was at its lowest point in the second quarter of 2023 at 0.18, indicating a lower ability to cover short-term liabilities with cash and cash equivalents. However, in the third quarter of 2023, the ratio improved significantly, reaching 0.40, suggesting a stronger ability to meet short-term obligations with available cash.
Overall, the company's cash ratio has exhibited some volatility, but the trend seems to indicate a reversal towards a more favorable position in the most recent period. It is essential for stakeholders to continue monitoring the company's cash position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2023