Rollins Inc (ROL)
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 | 103,825 | 142,247 | 154,747 | 112,503 | 95,346 | 121,876 | 220,964 | 258,338 | 105,301 | 117,655 | 128,528 | 117,322 | 98,477 | 95,440 | 134,829 | 92,582 | 94,276 | 104,342 | 98,466 | 116,607 |
| Short-term investments | US$ in thousands | 1,000 | 900 | 800 | 9,600 | 500 | 10,600 | 11,400 | — | — | — | — | — | — | — | — | — | — | 20 | — | — |
| Total current liabilities | US$ in thousands | 576,689 | 581,696 | 575,701 | 467,356 | 493,784 | 509,769 | 517,744 | 480,897 | 491,162 | 477,496 | 518,744 | 507,788 | 472,511 | 469,139 | 478,173 | 417,868 | 410,035 | 410,880 | 414,341 | 352,712 |
| Cash ratio | 0.18 | 0.25 | 0.27 | 0.26 | 0.19 | 0.26 | 0.45 | 0.54 | 0.21 | 0.25 | 0.25 | 0.23 | 0.21 | 0.20 | 0.28 | 0.22 | 0.23 | 0.25 | 0.24 | 0.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($103,825K
+ $1,000K)
÷ $576,689K
= 0.18
The cash ratio of Rollins, Inc. has shown some fluctuations over the past eight quarters. 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 meet short-term obligations.
In Q1 2022, the cash ratio was relatively high at 0.63, indicating a comfortable level of liquidity. However, the ratio declined in subsequent quarters, reaching its lowest point of 0.26 in Q4 2022. This might suggest potential challenges in meeting short-term obligations during that period.
The cash ratio improved in Q2 2023 and Q3 2023, reaching 0.38 and 0.36, respectively. This indicates that the company's liquidity position strengthened during this time. However, there was a slight decrease in Q4 2023, with the cash ratio falling to 0.27.
Overall, while there have been fluctuations in the cash ratio of Rollins, Inc. over the past eight quarters, the company has generally maintained a reasonable level of liquidity to cover its short-term liabilities. Investors and stakeholders may want to monitor future trends in the cash ratio to assess the company's ability to weather any potential liquidity challenges.
Peer comparison
Dec 31, 2023