Standard Motor Products Inc (SMP)

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	44,426	26,348	26,156	27,113	32,526	28,485	23,019	24,196	21,150	17,525	14,186	19,999	21,755	33,144	27,453	17,100	19,488	16,781	22,510	13,268
Short-term investments	US$ in thousands	—	—	—	—	1,944	—	—	—	—	—	—	—	—	42,123	42,070	40,684	40,507	38,945	—	—
Total current liabilities	US$ in thousands	436,472	352,520	332,166	299,212	304,263	373,342	348,489	321,424	323,131	373,864	410,220	578,128	476,369	478,371	447,067	313,424	302,602	303,814	337,606	348,207
Cash ratio		0.10	0.07	0.08	0.09	0.11	0.08	0.07	0.08	0.07	0.05	0.03	0.03	0.05	0.16	0.16	0.18	0.20	0.18	0.07	0.04

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($44,426K + $—K) ÷ $436,472K
= 0.10

The cash ratio of Standard Motor Products Inc has shown fluctuations over the analyzed period, ranging from 0.03 to 0.20. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

Observing the trend, the company's cash ratio increased steadily from March 31, 2020, to December 31, 2020, reaching the highest point of 0.20. Subsequently, there was a slight decrease in the ratio by March 31, 2021, which remained relatively stable until June 30, 2021, before showing a gradual decline.

The lowest point in the cash ratio was observed on March 31, 2023, at 0.08, indicating a lower ability to cover short-term liabilities with cash. The ratio increased slightly by December 31, 2023, and continued to rise up to 0.10 by December 31, 2024.

In conclusion, the fluctuations in Standard Motor Products Inc.'s cash ratio suggest varying levels of liquidity over the analyzed period. It is essential for investors and stakeholders to monitor these changes to assess the company's short-term financial health and liquidity position.