Standex International Corporation (SXI)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 104,542 | 154,203 | 195,706 | 104,844 | 136,367 |
| Short-term investments | US$ in thousands | — | 4,673 | 10,235 | — | — |
| Total current liabilities | US$ in thousands | 166,975 | 127,565 | 140,967 | 150,768 | 143,709 |
| Cash ratio | 0.63 | 1.25 | 1.46 | 0.70 | 0.95 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($104,542K
+ $—K)
÷ $166,975K
= 0.63
The cash ratio of Standex International Corporation has experienced notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025.
In fiscal year 2021, the cash ratio stood at 0.95, indicating that the company possessed nearly enough cash and cash equivalents to cover its current liabilities, reflecting a relatively prudent liquidity position. By the end of fiscal year 2022, the ratio declined to 0.70, implying a reduced capacity to meet short-term obligations solely through cash holdings, which may signal increased reliance on other current assets or a strategic shift in asset management.
Conversely, the ratio increased substantially in fiscal year 2023 to 1.46, surpassing the 1.0 benchmark and suggesting a significant strengthening in liquidity. This increase indicates that the company's available cash and cash equivalents more than fully cover its current liabilities, providing a cushion for operational flexibility and potential risk mitigation. The subsequent decline to 1.25 in fiscal year 2024 still maintains a relatively strong cash position, though the decrease suggests a slight reduction in liquidity cushion.
By fiscal year 2025, the cash ratio further diminished to 0.63, approaching levels that may raise concerns regarding liquidity adequacy. This downward trend could imply impending liquidity constraints or a strategic reallocation of cash assets toward investments or operational needs. Overall, the period demonstrates considerable variability in cash liquidity, with notable peaks and troughs, emphasizing the importance of examining underlying factors such as operational cash flow, capital expenditures, and strategic priorities affecting Standex International Corporation's short-term liquidity position.
Peer comparison
Jun 30, 2025