Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 205,000 | 248,000 | 205,000 | 209,000 | 280,000 | 194,000 | 164,000 | 191,000 | 159,000 | 163,000 | 157,000 | 229,000 | 180,000 | 132,000 | 226,000 | -95,000 | 95,000 |
| Short-term investments | US$ in thousands | — | — | -162,200 | — | — | — | — | — | 201,000 | 163,000 | 157,000 | 229,000 | 180,000 | — | — | 190,000 | — |
| Total current liabilities | US$ in thousands | 682,000 | 714,000 | 654,000 | 649,000 | 695,000 | 674,000 | 667,000 | 726,000 | 728,000 | 1,029,000 | 884,000 | 687,000 | 758,000 | 784,000 | 541,000 | 541,000 | 490,000 |
| Cash ratio | 0.30 | 0.35 | 0.07 | 0.32 | 0.40 | 0.29 | 0.25 | 0.26 | 0.49 | 0.32 | 0.36 | 0.67 | 0.47 | 0.17 | 0.42 | 0.18 | 0.19 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($205,000K
+ $—K)
÷ $682,000K
= 0.30
The cash ratio of Sylvamo Corp shows the company's ability to cover its short-term liabilities using its cash and cash equivalents. The trend in Sylvamo Corp's cash ratio over the given periods varies, indicating fluctuations in the company's liquidity position.
From December 31, 2020, to December 31, 2022, the cash ratio increased steadily from 0.19 to 0.49, suggesting an improvement in the company's ability to cover its short-term obligations with cash on hand. This positive trend indicates a stronger liquidity position for Sylvamo Corp during this period.
However, from March 31, 2022, to June 30, 2024, there were fluctuations in the cash ratio, showing a decrease to 0.07 on June 30, 2024. This significant drop could indicate potential challenges in liquidity management or changes in the company's cash position during this period.
Overall, analyzing Sylvamo Corp's cash ratio provides insights into the company's short-term liquidity and its ability to meet its immediate financial obligations. Monitoring this ratio over time can help assess the company's financial health and management of cash resources.
Peer comparison
Dec 31, 2024