Service Corporation International (SCI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 218,766 | 221,557 | 191,938 | 268,626 | 230,857 |
| Short-term investments | US$ in thousands | — | -1,950,570 | 4,175,290 | 4,771,540 | 5,345,720 |
| Total current liabilities | US$ in thousands | 723,839 | 749,100 | 799,280 | 728,261 | 815,934 |
| Cash ratio | 0.30 | -2.31 | 5.46 | 6.92 | 6.83 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($218,766K
+ $—K)
÷ $723,839K
= 0.30
The cash ratio of Service Corporation International has exhibited fluctuations over the past five years. Starting from a solid level of 6.83 on December 31, 2020, it slightly improved to 6.92 by December 31, 2021. However, there was a notable decline to 5.46 by December 31, 2022. The ratio took a significant negative turn to -2.31 by December 31, 2023, indicating potential liquidity concerns. By December 31, 2024, there was a slight recovery as the ratio rose to 0.30, but it remains relatively low. Overall, the cash ratio trend indicates varying levels of liquidity challenges, with the company needing to monitor and manage its cash position carefully to maintain financial stability.
Peer comparison
Dec 31, 2024