Tyson Foods Inc (TSN)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,717,000 | 573,000 | 1,031,000 | 2,507,000 | 1,420,000 |
| Short-term investments | US$ in thousands | — | 15,000 | -35,000 | -72,000 | — |
| Total current liabilities | US$ in thousands | 4,787,000 | 6,499,000 | 5,313,000 | 6,325,000 | 4,234,000 |
| Cash ratio | 0.36 | 0.09 | 0.19 | 0.38 | 0.34 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,717,000K
+ $—K)
÷ $4,787,000K
= 0.36
The cash ratio of Tyson Foods Inc has shown fluctuations over the past five years. The cash ratio measures a company's ability to cover its current liabilities using only its cash and cash equivalents. In Sep 2024, the cash ratio increased to 0.36 from 0.09 in Sep 2023, indicating a significant improvement in the company's liquidity position. However, the current ratio is still lower than the levels observed in Sep 2021 and Sep 2020, which were 0.38 and 0.34 respectively. Overall, Tyson Foods Inc seems to have increased its ability to cover its short-term obligations with its cash holdings in the most recent year, which is a positive sign for its financial health.
Peer comparison
Sep 30, 2024