Trex Company Inc (TREX)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,292 | 12,838 | 1,172 | 3,053 | 1,959 | 4,644 | 4,226 | 3,916 | 12,325 | 5,885 | 16,648 | 115,188 | 141,053 | 54,042 | 5,470 | 8,221 | 121,701 | 20,081 | 12,237 | 5,339 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 342,477 | 251,218 | 244,401 | 369,191 | 91,062 | 182,306 | 322,797 | 447,765 | 290,599 | 180,675 | 138,823 | 143,020 | 88,702 | 156,008 | 171,556 | 235,625 | 106,353 | 110,109 | 111,769 | 116,950 |
| Cash ratio | 0.00 | 0.05 | 0.00 | 0.01 | 0.02 | 0.03 | 0.01 | 0.01 | 0.04 | 0.03 | 0.12 | 0.81 | 1.59 | 0.35 | 0.03 | 0.03 | 1.14 | 0.18 | 0.11 | 0.05 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,292K
+ $—K)
÷ $342,477K
= 0.00
The cash ratio of Trex Company Inc has fluctuated over the years based on the provided data. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
As of December 31, 2024, the cash ratio for Trex Company Inc was 0.00, suggesting that the company had minimal cash to cover its short-term liabilities at that point in time. This could potentially indicate a liquidity risk, as the company may struggle to meet its short-term obligations without sufficient cash reserves.
It's worth noting that the cash ratio has shown variability in the past years, ranging from a low of 0.00 to a high of 1.59. This fluctuation could be influenced by factors such as the company's cash management practices, investment decisions, or capital structure.
Analysts should monitor the cash ratio trend over time to assess the company's liquidity position and financial health. A sustained low cash ratio may signal potential liquidity challenges, while a consistently high ratio could indicate excess cash holdings that may not be effectively utilized for growth or investment purposes.
Peer comparison
Dec 31, 2024