Trimble Inc (TRMB)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 738,800 | 229,800 | 271,000 | 325,700 | 237,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,788,000 | 1,829,300 | 1,462,100 | 1,188,600 | 1,311,300 |
| Cash ratio | 0.41 | 0.13 | 0.19 | 0.27 | 0.18 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($738,800K
+ $—K)
÷ $1,788,000K
= 0.41
The cash ratio of Trimble Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.18, indicating that the company had $0.18 in cash and cash equivalents for every $1 of current liabilities, suggesting a relatively lower liquidity position.
By December 31, 2021, the cash ratio improved to 0.27, reflecting an increase in the company's ability to cover its short-term obligations with cash and equivalents.
However, the cash ratio decreased to 0.19 by December 31, 2022, signaling a slight decline in the company's liquidity position compared to the previous year.
As of December 31, 2023, the cash ratio further declined to 0.13, indicating a potential challenge in meeting short-term obligations with available cash and equivalents.
The cash ratio significantly improved to 0.41 by December 31, 2024, revealing a stronger liquidity position for Trimble Inc, with the ability to cover a higher proportion of current liabilities with cash and equivalents.
Overall, the trend in Trimble Inc's cash ratio shows some variability but with an upward trajectory in more recent years, suggesting an improvement in liquidity management.
Peer comparison
Dec 31, 2024