Trimble Inc (TRMB)
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 | 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 | 189,200 | 184,600 | 199,600 | 216,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,190,300 | 1,059,300 | 1,075,200 | 1,090,000 |
| Cash ratio | 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 | 0.16 | 0.17 | 0.19 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($229,800K
+ $—K)
÷ $1,829,300K
= 0.13
The cash ratio for Trimble Inc has shown some fluctuations over the past few years. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio has ranged from a low of 0.13 to a high of 0.70 over the periods analyzed. A ratio of 0.70 indicates that for every dollar of current liabilities, the company had $0.70 in cash and cash equivalents available at the end of the period, reflecting a strong liquidity position.
However, the ratio has generally been trending downwards from the peak of 0.70 in March 2023 to the recent low of 0.13 in December 2023. This may indicate a reduction in the company's ability to cover its short-term obligations with its available cash resources.
It is important for investors and stakeholders to closely monitor this trend to assess the company's liquidity position and its ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2023