Standex International Corporation (SXI)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 104,542 | 109,810 | 121,147 | 164,584 | 154,203 | 138,799 | 142,424 | 126,830 | 195,706 | 175,284 | 113,494 | 103,428 | 104,844 | 133,902 | 147,155 | 130,683 | 136,367 | 118,040 | 109,110 | 93,698 |
| Short-term investments | US$ in thousands | — | — | — | — | 4,673 | 2,700 | 2,760 | 2,643 | 10,235 | 9,539 | 11,621 | 12,191 | — | 6,881 | 1,006 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 166,975 | 143,070 | 138,153 | 125,997 | 127,565 | 122,348 | 130,542 | 131,657 | 140,967 | 130,587 | 132,415 | 124,418 | 150,768 | 141,739 | 138,010 | 135,170 | 143,709 | 131,941 | 117,886 | 114,397 |
| Cash ratio | 0.63 | 0.77 | 0.88 | 1.31 | 1.25 | 1.16 | 1.11 | 0.98 | 1.46 | 1.42 | 0.94 | 0.93 | 0.70 | 0.99 | 1.07 | 0.97 | 0.95 | 0.89 | 0.93 | 0.82 |
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 exhibited variability over the period from September 2020 to June 2025. Initially, the cash ratio increased from 0.82 as of September 30, 2020, to a peak of 1.46 on June 30, 2024, indicating a considerable proportion of current liabilities being covered by readily available cash or cash equivalents. The upward trend reflects an emphasis on liquidity and cash accumulation, potentially signaling a conservative liquidity management approach or anticipation of future obligations.
Notably, during this interval, the cash ratio surpassed 1.0 multiple times, reaching as high as 1.46, which suggests the company maintained a level of cash more than sufficient to cover its current liabilities, representing a robust liquidity position. This may imply prudent cash management, readiness to meet short-term obligations without reliance on receivables or inventory conversion.
However, the ratio experienced fluctuations afterwards, declining to 0.98 by September 30, 2023, and further decreasing to 0.88 by December 31, 2024. These decreases could reflect a strategic deployment of cash into operational investments, acquisitions, or other assets, or possibly a shift toward greater utilization of non-cash current assets. Yet, the ratio remains above 0.5, maintaining a generally comfortable liquidity cushion.
Overall, the trend signifies that Standex International maintained a strong liquidity profile throughout the analyzed period, with periods of heightened cash reserves followed by a gradual decrease, yet still preserving an adequate level of cash relative to current liabilities. The fluctuations suggest a responsive approach to liquidity management, balancing cash holdings with operational needs and strategic initiatives.
Peer comparison
Jun 30, 2025