SPX Corp (SPXC)
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 | 156,900 | 124,800 | 128,100 | 100,500 | 99,400 | 100,900 | 87,100 | 204,800 | 147,800 | 183,400 | 189,800 | 262,800 | 388,200 | 560,100 | 69,100 | 106,900 | 68,300 | 70,700 | 190,200 | 163,100 |
| Short-term investments | US$ in thousands | — | — | 3,800 | 5,800 | 7,500 | 9,600 | 9,000 | 9,100 | 8,700 | — | — | — | — | — | — | — | — | 70,300 | — | — |
| Total current liabilities | US$ in thousands | 418,300 | 446,300 | 633,300 | 694,800 | 401,200 | 493,700 | 489,600 | 393,900 | 333,800 | 374,400 | 368,200 | 393,900 | 439,500 | 477,500 | 707,600 | 586,800 | 584,900 | 562,200 | 704,000 | 702,100 |
| Cash ratio | 0.38 | 0.28 | 0.21 | 0.15 | 0.27 | 0.22 | 0.20 | 0.54 | 0.47 | 0.49 | 0.52 | 0.67 | 0.88 | 1.17 | 0.10 | 0.18 | 0.12 | 0.25 | 0.27 | 0.23 |
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 fluctuated over the past few years, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio ranged between 0.10 and 0.27, showing some variability but generally remaining below 1. This suggests that SPX Corp may have had a limited ability to cover its short-term obligations solely with its cash reserves during this period.
However, from September 30, 2021, to December 31, 2024, the cash ratio improved significantly, reaching above 1 on multiple occasions. This indicates that SPX Corp had more than enough cash on hand to cover its short-term liabilities during these periods, reflecting a stronger financial position and liquidity.
The cash ratio peaked at 1.17 on September 30, 2021, and gradually decreased but remained relatively stable above 0.20 until December 31, 2024. This trend suggests that the company maintained a healthy level of liquidity, enabling it to meet its short-term obligations without relying heavily on external financing.
Overall, the analysis of SPX Corp's cash ratio indicates fluctuations in the company's ability to cover short-term liabilities with cash over the years, with improvements in liquidity from 2021 to 2024, demonstrating a more robust financial position.
Peer comparison
Dec 31, 2024