Standex International Corporation (SXI)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 118,809 | 109,297 | 98,919 | 90,244 |
| Short-term investments | US$ in thousands | 4,900 | 2,700 | 2,760 | 2,643 | 3,700 | 9,539 | 11,621 | 12,191 | — | 6,881 | 1,006 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 122,877 | 136,803 | 145,274 | 134,712 |
| Cash ratio | 1.25 | 1.16 | 1.11 | 0.98 | 1.41 | 1.42 | 0.94 | 0.93 | 0.70 | 0.99 | 1.07 | 0.97 | 0.95 | 0.89 | 0.93 | 0.82 | 0.97 | 0.80 | 0.68 | 0.67 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($154,203K
+ $4,900K)
÷ $127,565K
= 1.25
The cash ratio of Standex International Corporation has fluctuated over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In the most recent quarter, as of June 30, 2024, the cash ratio stood at 1.25, indicating that the company had $1.25 in cash and cash equivalents for every $1 of current liabilities. This suggests that Standex International Corporation had a strong ability to meet its short-term obligations using its cash reserves.
Looking at the trend over the previous quarters, the cash ratio has generally been above 1 since March 2021, indicating a consistently strong liquidity position. The ratio peaked at 1.42 in March 2023, which suggests a higher level of liquidity relative to current liabilities at that time.
On the other hand, there have been periods where the cash ratio decreased, such as in September 2020 and December 2019, when it fell to 0.82 and 0.68 respectively. These lower ratios may indicate a potential strain on liquidity and the need to closely monitor the company's ability to cover its short-term obligations.
Overall, the upward trend from 2021 onwards and the consistently above 1 ratios demonstrate that Standex International Corporation has maintained a solid liquidity position in recent quarters, which is a positive indicator for the company's financial health. However, it is essential to continue monitoring the cash ratio to ensure ongoing liquidity management and financial stability.
Peer comparison
Jun 30, 2024