SJW Corporation (SJW)

Cash ratio

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 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents US$ in thousands 9,723 21,067 25,474 23,333 12,344 13,190 12,049 17,487 10,908 14,019 25,442 11,406 5,269 20,211 23,317 28,273 12,944 424,702 421,849 419,663
Short-term investments US$ in thousands — — — — — 14,438 15,011 15,866 57,632 15,289 15,163 14,367 14,367 13,629 — — — — — —
Total current liabilities US$ in thousands 342,974 308,116 237,954 212,965 268,322 318,710 277,829 217,853 203,271 267,285 274,431 289,735 350,795 305,398 257,966 238,404 234,567 144,307 127,058 86,688
Cash ratio 0.03 0.07 0.11 0.11 0.05 0.09 0.10 0.15 0.34 0.11 0.15 0.09 0.06 0.11 0.09 0.12 0.06 2.94 3.32 4.84

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,723K + $—K) ÷ $342,974K
= 0.03

The cash ratio of SJW Group has shown fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents alone. A higher cash ratio indicates a stronger ability to cover short-term obligations without relying on other current assets or external financing.

In Q1 2023, the cash ratio was at its highest at 0.46, indicating that SJW Group had a significant amount of cash readily available to cover its short-term liabilities. However, this ratio decreased in subsequent quarters, reaching its lowest point in Q3 2022 at 0.08.

The overall trend of the cash ratio for SJW Group suggests some volatility in the company's ability to cover its short-term liabilities with cash on hand. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to meet its financial obligations in the short term.