SPX Corp (SPXC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 156,900 | 99,400 | 147,800 | 388,200 | 68,300 |
| Short-term investments | US$ in thousands | — | 7,500 | 8,700 | — | — |
| Total current liabilities | US$ in thousands | 418,300 | 401,200 | 333,800 | 439,500 | 584,900 |
| Cash ratio | 0.38 | 0.27 | 0.47 | 0.88 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($156,900K
+ $—K)
÷ $418,300K
= 0.38
The cash ratio of SPX Corp has exhibited fluctuations over the years. The ratio was 0.12 as of December 31, 2020, indicating that the company had $0.12 in cash and cash equivalents for every dollar of current liabilities. By the end of 2021, the cash ratio significantly improved to 0.88, showing a healthier liquidity position. However, in the subsequent years, the ratio experienced variability, dropping to 0.47 by December 31, 2022, then declining further to 0.27 by December 31, 2023. This suggests a decrease in the company's ability to cover its short-term obligations with its available cash resources during those periods. The ratio slightly recovered to 0.38 by December 31, 2024, albeit remaining below the level observed in 2021. Overall, fluctuations in the cash ratio indicate changes in SPX Corp's liquidity position and its ability to meet short-term financial obligations with its cash reserves.
Peer comparison
Dec 31, 2024