Trimble Inc (TRMB)
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 | 738,800 | 1,036,900 | 944,100 | 255,100 | 229,800 | 216,800 | 237,300 | 1,038,100 | 271,000 | 308,700 | 350,100 | 357,200 | 325,700 | 513,200 | 484,400 | 264,600 | 237,700 | 184,000 | 196,400 | 216,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,788,000 | 1,986,600 | 1,977,900 | 1,835,600 | 1,829,300 | 1,338,000 | 1,301,100 | 1,480,900 | 1,462,100 | 1,445,000 | 1,449,500 | 1,247,000 | 1,188,600 | 1,141,200 | 1,168,500 | 1,151,600 | 1,311,300 | 1,191,500 | 1,170,500 | 1,226,900 |
| Cash ratio | 0.41 | 0.52 | 0.48 | 0.14 | 0.13 | 0.16 | 0.18 | 0.70 | 0.19 | 0.21 | 0.24 | 0.29 | 0.27 | 0.45 | 0.41 | 0.23 | 0.18 | 0.15 | 0.17 | 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 shows the company's ability to cover its short-term liabilities using its cash and cash equivalents. From March 31, 2020, to September 30, 2021, the cash ratio remained relatively low and ranged between 0.15 and 0.45, indicating that Trimble Inc had limited cash reserves compared to its current liabilities during this period.
However, there was a notable improvement in the cash ratio starting from March 31, 2022, where the ratio increased significantly to 0.70. This indicates a stronger liquidity position for the company, with a higher ability to cover its short-term obligations using cash and cash equivalents.
The cash ratio fluctuated in the subsequent quarters but generally stayed above 0.10, suggesting that Trimble Inc maintained a relatively healthy cash position. The ratio peaked at 0.52 on September 30, 2024, indicating a robust liquidity position at that point in time.
Overall, the trend in Trimble Inc's cash ratio reflects fluctuations in the company's liquidity position over the analyzed period, with some quarters showing stronger cash reserves than others. Maintaining a healthy cash ratio is crucial for ensuring the company can meet its short-term obligations and unforeseen expenses effectively.
Peer comparison
Dec 31, 2024