Tempur Sealy International Inc (TPX)
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 | 74,900 | 91,600 | 101,800 | 91,000 | 69,400 | 94,100 | 110,300 | 116,300 | 300,700 | 503,300 | 58,100 | 290,500 | 65,000 | 229,200 | 146,800 | 197,000 | 64,900 | 52,900 | 38,300 | 39,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 908,200 | 1,058,900 | 1,006,700 | 1,022,800 | 981,200 | 1,077,900 | 1,057,100 | 1,101,100 | 1,053,400 | 1,159,400 | 858,300 | 895,700 | 974,800 | 1,026,700 | 1,001,700 | 750,400 | 773,300 | 848,000 | 738,700 | 725,500 |
| Cash ratio | 0.08 | 0.09 | 0.10 | 0.09 | 0.07 | 0.09 | 0.10 | 0.11 | 0.29 | 0.43 | 0.07 | 0.32 | 0.07 | 0.22 | 0.15 | 0.26 | 0.08 | 0.06 | 0.05 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($74,900K
+ $—K)
÷ $908,200K
= 0.08
Tempur Sealy International Inc's cash ratio, which is a measure of its ability to cover its short-term liabilities with its cash and cash equivalents, has shown some fluctuations over the quarters analyzed. The trend indicates a generally healthy liquidity position, as the cash ratio has mostly remained above 0.2, with some quarters even exceeding 0.24.
In the most recent quarter (Q4 2023), the cash ratio stands at 0.21, indicating that the company had $0.21 in cash and cash equivalents for every $1 of its current liabilities. This suggests that Tempur Sealy International Inc may have sufficient cash on hand to meet its short-term obligations.
Overall, the consistency of the cash ratio above 0.2 over the quarters demonstrates a solid liquidity position for Tempur Sealy International Inc. However, further analysis in conjunction with other financial metrics is recommended to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023