Stanley Black & Decker Inc (SWK)
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 | 449,400 | 347,800 | 391,400 | 387,600 | 395,600 | 408,700 | 282,300 | 165,800 | 142,100 | 292,700 | 440,400 | 949,200 | 1,241,900 | 683,000 | 859,800 | 987,100 | 297,700 | 311,700 | 310,700 | 281,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,883,200 | 5,663,300 | 6,139,600 | 6,239,300 | 6,569,200 | 7,607,000 | 11,760,700 | 10,955,000 | 8,767,400 | 5,580,800 | 5,402,500 | 4,578,400 | 4,558,300 | 4,221,800 | 4,578,300 | 5,370,300 | 4,405,700 | 5,441,900 | 5,653,100 | 5,766,200 |
| Cash ratio | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.02 | 0.02 | 0.02 | 0.05 | 0.08 | 0.21 | 0.27 | 0.16 | 0.19 | 0.18 | 0.07 | 0.06 | 0.05 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($449,400K
+ $—K)
÷ $5,883,200K
= 0.08
The cash ratio of Stanley Black & Decker Inc has shown fluctuations over the past few quarters. As of December 31, 2023, the company's cash ratio was 0.08, indicating that for every dollar of current liabilities, the company had $0.08 in cash or cash equivalents. This suggests a relatively strong liquidity position, as the company had sufficient cash to cover a portion of its short-term obligations.
However, the cash ratio decreased to 0.06 in the following three quarters (from September 30, 2023, to March 31, 2023), indicating a slight decline in liquidity. The company may have experienced changes in its cash position or short-term liabilities during this period.
Notably, in the second quarter of 2022, the cash ratio dropped significantly to 0.02 before gradually increasing to 0.08 in the first quarter of 2021. This sharp decline and subsequent recovery may indicate fluctuations in the company's liquidity management or business operations during that period.
Overall, while the cash ratio of Stanley Black & Decker Inc has shown some variability, it generally remained above 0.05 in recent quarters, suggesting that the company has maintained a reasonable level of liquidity to meet its short-term obligations. Financial stakeholders may want to monitor future changes in the cash ratio to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2023