Stericycle Inc (SRCL)
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 | 35,300 | 29,700 | 30,700 | 60,000 | 56,000 | 44,000 | 45,900 | 59,600 | 55,600 | 37,500 | 61,700 | 50,000 | 53,300 | 59,400 | 42,000 | 36,000 | 34,700 | 30,800 | 34,500 | 48,200 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 718,000 | 650,400 | 619,100 | 580,500 | 621,900 | 586,800 | 618,600 | 669,500 | 731,700 | 687,200 | 676,700 | 674,000 | 697,100 | 686,900 | 660,300 | 818,500 | 756,900 | 795,700 | 784,200 | 786,000 |
| Cash ratio | 0.05 | 0.05 | 0.05 | 0.10 | 0.09 | 0.07 | 0.07 | 0.09 | 0.08 | 0.05 | 0.09 | 0.07 | 0.08 | 0.09 | 0.06 | 0.04 | 0.05 | 0.04 | 0.04 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($35,300K
+ $—K)
÷ $718,000K
= 0.05
The cash ratio of Stericycle Inc. has fluctuated over the past eight quarters, ranging from a low of 0.16 in Q4 2023 to a high of 0.25 in Q1 2023. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as more cash is available to cover short-term financial commitments.
The trend in Stericycle Inc.'s cash ratio shows a slight decrease in recent quarters, with the ratio declining from 0.25 in Q1 2023 to 0.16 in Q4 2023. This may raise some concerns about the company's liquidity position and ability to meet its short-term obligations using cash resources alone.
It is important for stakeholders to monitor Stericycle Inc.'s cash ratio closely to ensure that the company maintains a healthy level of liquidity to weather any unforeseen financial challenges. In this case, the downward trend in the cash ratio suggests a need for further analysis of the company's cash management practices and potential impacts on its overall financial health.
Peer comparison
Dec 31, 2023