Service Corporation International (SCI)
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 | 218,766 | 185,420 | 184,431 | 205,595 | 221,557 | 172,710 | 172,516 | 157,831 | 191,938 | 167,965 | 206,242 | 300,556 | 268,626 | 406,947 | 436,796 | 243,726 | 230,857 | 220,304 | 222,234 | 176,261 |
| Short-term investments | US$ in thousands | — | 384 | — | — | -425,308 | 4,048,970 | 4,124,130 | — | 4,175,290 | 3,930,910 | 4,092,120 | — | 4,771,540 | 4,610,970 | 5,785,650 | 4,424,280 | 5,345,720 | 3,567,540 | 3,645,680 | — |
| Total current liabilities | US$ in thousands | 723,839 | 743,186 | 742,692 | 726,148 | 749,100 | 712,872 | 688,333 | 767,399 | 799,280 | 706,588 | 715,111 | 775,205 | 728,261 | 724,262 | 691,492 | 841,782 | 815,934 | 622,134 | 606,825 | 587,294 |
| Cash ratio | 0.30 | 0.25 | 0.25 | 0.28 | -0.27 | 5.92 | 6.24 | 0.21 | 5.46 | 5.80 | 6.01 | 0.39 | 6.92 | 6.93 | 9.00 | 5.55 | 6.83 | 6.09 | 6.37 | 0.30 |
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 fluctuated over the years as per the provided data. It measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio ranged from a low of -0.27 on December 31, 2023, which indicates that the company's cash and cash equivalents were insufficient to cover its current liabilities at that time, to a high of 9.00 on June 30, 2021, reflecting a strong liquidity position.
The ratio showed some inconsistency in the subsequent periods but generally stayed above 1 in most quarters, except for a few instances where it fell below 1, indicating potential liquidity concerns.
Overall, the company's cash ratio demonstrates variations in its ability to meet short-term obligations using its cash reserves, highlighting the importance of closely monitoring liquidity levels to ensure financial stability.
Peer comparison
Dec 31, 2024