Sotera Health Co (SHC)
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 | 277,242 | 306,738 | 247,758 | 262,820 | 301,654 | 252,534 | 270,490 | 660,180 | 396,294 | 163,975 | 139,564 | 121,440 | 106,924 | 114,912 | 156,217 | 108,016 | 102,454 | 108,276 | 86,195 | -68,166 |
| Short-term investments | US$ in thousands | 1,623 | 1,744 | 501 | 416 | 715 | 412 | 422 | 396 | 660 | 760 | 647 | 493 | 623 | 1,018 | 834 | 797 | 13,457 | 651 | 622 | 136,332 |
| Total current liabilities | US$ in thousands | 191,002 | 195,537 | 169,633 | 152,340 | 230,654 | 200,594 | 200,330 | 600,149 | 791,567 | 140,031 | 142,021 | 143,851 | 161,161 | 133,606 | 148,792 | 138,019 | 140,598 | 144,695 | 132,361 | 132,361 |
| Cash ratio | 1.46 | 1.58 | 1.46 | 1.73 | 1.31 | 1.26 | 1.35 | 1.10 | 0.50 | 1.18 | 0.99 | 0.85 | 0.67 | 0.87 | 1.06 | 0.79 | 0.82 | 0.75 | 0.66 | 0.52 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($277,242K
+ $1,623K)
÷ $191,002K
= 1.46
The cash ratio of Sotera Health Co has shown fluctuations over the past few years, ranging from as low as 0.50 to as high as 1.73. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
From March 31, 2020, to December 31, 2021, the cash ratio generally increased steadily, indicating an improvement in the company's liquidity position. However, there was a slight dip in the ratio in March 2022, followed by an increase in subsequent quarters until June 30, 2023, when it reached its peak at 1.35.
After June 30, 2023, there was a slight decline in the cash ratio, but it remained relatively high, indicating that the company still had a substantial amount of cash compared to its short-term liabilities. Overall, the company has maintained a healthy cash position, which can help it meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024