Sensient Technologies Corporation (SXT)

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	28,934	31,985	36,546	24,017	20,921	46,579	25,271	32,175	25,740	32,939	33,306	28,000	24,770	26,900	20,876	23,085	21,153	34,422	29,882	33,896
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	236,306	223,817	222,646	234,651	272,153	255,425	263,916	214,383	232,305	224,365	196,416	198,773	215,955	212,037	213,237	200,637	201,375	192,191	194,669	197,452
Cash ratio		0.12	0.14	0.16	0.10	0.08	0.18	0.10	0.15	0.11	0.15	0.17	0.14	0.11	0.13	0.10	0.12	0.11	0.18	0.15	0.17

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($28,934K + $—K) ÷ $236,306K
= 0.12

The cash ratio for Sensient Technologies Corp. has shown some fluctuations over the quarters in the past year. The ratio provides insights into the company's ability to cover its short-term liabilities with its available cash and cash equivalents.

In Q4 2023, the cash ratio stood at 0.28, indicating that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities. This was a slight decrease from the previous quarter's ratio of 0.33.

Throughout the year, the cash ratio has ranged between 0.25 and 0.37, showing some variability in the company's liquidity position. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external financing.

Overall, while the cash ratio of Sensient Technologies Corp. has fluctuated over the past year, it is important to monitor this ratio alongside other liquidity and solvency indicators to assess the company's overall financial health and ability to manage short-term obligations effectively.