Tyson Foods Inc (TSN)
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 | 1,484,000 | 573,000 | 699,000 | 543,000 | 654,000 | 1,031,000 | 1,056,000 | 1,151,000 | 2,956,000 | 2,507,000 | 1,613,000 | 877,000 | 2,406,000 | 1,420,000 | 1,365,000 | 437,000 | 497,000 | 484,000 | 406,000 | 360,000 |
| Short-term investments | US$ in thousands | 15,000 | 15,000 | 7,000 | 7,000 | 2,000 | 1,000 | — | — | — | — | — | — | — | — | — | — | 1,000 | 1,000 | 1,000 | 2,000 |
| Total current liabilities | US$ in thousands | 6,172,000 | 6,499,000 | 4,948,000 | 5,346,000 | 5,114,000 | 5,313,000 | 4,682,000 | 4,657,000 | 6,034,000 | 6,325,000 | 6,184,000 | 4,612,000 | 4,849,000 | 4,234,000 | 4,273,000 | 4,406,000 | 5,536,000 | 5,513,000 | 5,597,000 | 4,614,000 |
| Cash ratio | 0.24 | 0.09 | 0.14 | 0.10 | 0.13 | 0.19 | 0.23 | 0.25 | 0.49 | 0.40 | 0.26 | 0.19 | 0.50 | 0.34 | 0.32 | 0.10 | 0.09 | 0.09 | 0.07 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,484,000K
+ $15,000K)
÷ $6,172,000K
= 0.24
The cash ratio of Tyson Foods Inc has shown fluctuations over the periods indicated in the table. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
From December 2019 to December 2023, the cash ratio ranged from 0.07 to 0.49. The lowest cash ratio was observed in March 2020 at 0.07, indicating a relatively lower ability to cover short-term liabilities with cash. On the other hand, the highest cash ratio was noted in December 2021 at 0.50, pointing towards a significant improvement in the company's liquidity position.
Overall, the cash ratio trended upwards from the low points in early 2020, peaking in late 2021, before experiencing some fluctuation in recent periods. A higher cash ratio is generally favorable as it suggests that the company has a stronger ability to meet its short-term obligations using its cash resources. Investors and creditors often look at the cash ratio as an important indicator of a company's liquidity and financial health.
Peer comparison
Dec 31, 2023