Rockwell Automation Inc (ROK)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 471,000 | 406,700 | 470,300 | 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 |
| Short-term investments | US$ in thousands | 300 | 300 | 200 | 600 | 600 | 600 | 600 | 12,400 | 12,600 | 6,200 | 6,400 | 600 | 600 | 600 | 600 | 700 | 600 | 600 | 600 | 600 |
| Total current liabilities | US$ in thousands | 3,603,900 | 3,789,400 | 3,703,000 | 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 |
| Cash ratio | 0.13 | 0.11 | 0.13 | 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 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($471,000K
+ $300K)
÷ $3,603,900K
= 0.13
The cash ratio of Rockwell Automation Inc has shown some fluctuation over the past few quarters, ranging from 0.11 to 0.45. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.13, suggesting that for every dollar of current liabilities, the company had $0.13 in cash and cash equivalents. This implies that Rockwell Automation Inc may have a limited ability to cover its short-term obligations solely with its cash holdings.
Looking back at historical data, the cash ratio peaked at 0.45 in the first quarter of 2020, indicating a stronger liquidity position at that time. However, the ratio has decreased since then, reflecting potential changes in the company's cash position or operational efficiency.
It is important to note that a low cash ratio may not necessarily indicate financial distress, as companies often use other forms of liquidity management such as lines of credit or short-term investments. Hence, it is crucial to consider the overall liquidity position of Rockwell Automation Inc alongside other financial metrics for a comprehensive assessment of its financial health.
Peer comparison
Sep 30, 2024