Interface Inc (TILE)
Cash ratio
| 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 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 99,226 | 115,601 | 94,187 | 89,774 | 110,498 | 119,633 | 92,935 | 101,273 | 97,564 | 79,449 | 91,653 | 76,088 | 97,252 | 92,809 | 102,372 | 106,923 | 103,053 | 103,719 | 91,844 | 91,844 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,717 | 236,386 | 214,703 | 207,726 | 214,721 | 210,189 | 194,317 | 221,484 | 220,470 | 237,900 | 249,359 | 245,867 | 261,812 | 234,836 | 229,598 | 217,084 | 193,300 | 244,807 | 232,584 | 232,584 |
| Cash ratio | 0.46 | 0.49 | 0.44 | 0.43 | 0.51 | 0.57 | 0.48 | 0.46 | 0.44 | 0.33 | 0.37 | 0.31 | 0.37 | 0.40 | 0.45 | 0.49 | 0.53 | 0.42 | 0.39 | 0.39 |
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 been fluctuating over the past few years, ranging from 0.31 to 0.57. A cash ratio of 0.31 indicates that the company had $0.31 in cash for every $1 of current liabilities, whereas a ratio of 0.57 means that the company had $0.57 in cash for every $1 of current liabilities.
Interface Inc's cash ratio reached its lowest point of 0.31 on March 31, 2022, which may indicate a potential liquidity concern as the company had relatively lower cash reserves compared to its short-term obligations. However, the ratio improved to 0.57 on September 30, 2023, suggesting that the company had built up its cash reserves, which could provide a cushion for meeting its short-term liabilities.
Overall, Interface Inc's cash ratio has exhibited some volatility but appears to have generally been within a reasonable range to meet its short-term obligations. Monitoring this ratio over time can provide insights into the company's liquidity position and its ability to manage its financial obligations effectively.
Peer comparison
Dec 31, 2024