ScanSource Inc (SCSC)
Cash ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 185,460 | 159,050 | 44,987 | 42,647 | 36,178 | 37,374 | 66,445 | 40,472 | 37,987 | 43,539 | 34,123 | 55,491 | 62,718 | 49,321 | 67,187 | 49,889 | 29,485 | 34,596 | 42,005 | 25,877 |
| Short-term investments | US$ in thousands | — | — | — | — | 4,687 | — | — | — | 1,686 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 669,352 | 643,046 | 610,612 | 701,049 | 786,801 | 744,151 | 836,736 | 794,055 | 814,264 | 800,973 | 746,766 | 692,415 | 732,939 | 622,697 | 689,586 | 838,165 | 719,007 | 770,196 | 832,287 | 805,385 |
| Cash ratio | 0.28 | 0.25 | 0.07 | 0.06 | 0.05 | 0.05 | 0.08 | 0.05 | 0.05 | 0.05 | 0.05 | 0.08 | 0.09 | 0.08 | 0.10 | 0.06 | 0.04 | 0.04 | 0.05 | 0.03 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($185,460K
+ $—K)
÷ $669,352K
= 0.28
The cash ratio of ScanSource Inc has shown fluctuations over the periods under consideration. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend indicates an upward movement in the cash ratio from December 2019 to March 2020, followed by a slight decline in June 2020. The ratio then stabilized at around 0.05 from September 2020 to June 2022. There was a spike in the cash ratio in December 2022 and March 2023, indicating an improvement in the company's liquidity position.
However, the ratio experienced a significant drop in December 2023, down to 0.07, and then declined further to 0.06 in September 2024. This downward trend suggests that the company may have less liquidity to cover its short-term obligations during these periods.
Overall, the cash ratio of ScanSource Inc has been relatively volatile, with fluctuations indicating changes in the company's liquidity position. It is essential for investors and analysts to closely monitor these changes to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024