Interface Inc (TILE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 99,226 | 110,498 | 97,564 | 97,252 | 103,053 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,717 | 214,721 | 220,470 | 261,812 | 193,300 |
| Cash ratio | 0.46 | 0.51 | 0.44 | 0.37 | 0.53 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($99,226K
+ $—K)
÷ $216,717K
= 0.46
The cash ratio of Interface Inc has shown a fluctuating trend over the past five years. Starting at 0.53 on December 31, 2020, the cash ratio decreased to 0.37 by December 31, 2021. However, there was an improvement in the ratio to 0.44 by December 31, 2022, followed by a further increase to 0.51 by December 31, 2023. The ratio then decreased slightly to 0.46 by December 31, 2024.
Overall, a cash ratio above 1.0 is considered healthy, indicating that a company has enough cash and cash equivalents to cover its current liabilities. Interface Inc's cash ratio has generally been below 1.0 over the observed period, suggesting that the company may have had relatively low levels of cash compared to its short-term liabilities. It is important for the company to closely monitor its cash position and liquidity to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024