ScanSource Inc (SCSC)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 126,157 | 146,287 | 110,520 | 145,044 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 4,687 | — | — | — | 1,686 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 682,964 | 631,850 | 609,623 | 666,006 | 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 |
| Cash ratio | 0.18 | 0.23 | 0.18 | 0.22 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($126,157K
+ $—K)
÷ $682,964K
= 0.18
The cash ratio of ScanSource Inc. demonstrates notable fluctuations over the analyzed period, reflecting variations in the company's liquidity position. Initially, as of September 30, 2020, the cash ratio was relatively low at 0.06, indicating that current cash holdings covered only 6% of current liabilities. The ratio increased modestly to 0.10 by December 31, 2020, suggesting an improvement in cash holdings relative to short-term obligations. Throughout the subsequent quarters in 2021 and 2022, the cash ratio fluctuated slightly around the 0.05 to 0.09 range, generally indicating limited liquidity cushion in terms of cash to meet immediate liabilities.
A decline was observed in December 2021, with the ratio decreasing to 0.05, which persisted through most of 2022 and into the third quarter of 2023, maintaining around 0.05, suggesting a period of relatively constrained cash liquidity with the company primarily relying on other current assets or sources for meeting short-term liabilities. In late 2023, the cash ratio experienced an uptick, reaching 0.07 by December 2023, and notably surged in the subsequent quarters, reaching 0.25 in March 2024 and peaking at 0.28 in June 2024. These increases indicate a significant strengthening in the company's cash position relative to current liabilities during this period.
Following this peak, the ratio experienced a downward adjustment to 0.22 in September 2024, then further declined to 0.18 by December 2024. In 2025, the cash ratio showed some variability, averaging around 0.18 to 0.23, with the highest recorded at 0.23 in March 2025. Overall, the data reflects a period of substantial liquidity enhancement in early 2024, but with a tendency toward moderation afterward. This pattern suggests that while ScanSource's cash position was notably strengthened in certain recent periods, its overall cash ratio remains relatively conservative, indicating a cautious approach toward cash holdings relative to current obligations.
Peer comparison
Jun 30, 2025