Tetra Tech Inc (TTEK)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 232,689 | 168,831 | 185,094 | 166,568 | 157,515 |
| Short-term investments | US$ in thousands | — | — | — | — | 7,332 |
| Total current liabilities | US$ in thousands | 1,219,530 | 1,208,140 | 916,017 | 848,483 | 793,456 |
| Cash ratio | 0.19 | 0.14 | 0.20 | 0.20 | 0.21 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($232,689K
+ $—K)
÷ $1,219,530K
= 0.19
The cash ratio of Tetra Tech Inc has shown some fluctuations over the past five years. The trend indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has varied.
In 2024, the cash ratio stands at 0.19, suggesting that the company has $0.19 in cash and cash equivalents for every dollar of current liabilities, representing a slight improvement from 2023 where the ratio was 0.14. However, the cash ratio is still lower than in 2022 when it was 0.20.
It is worth noting that Tetra Tech Inc seems to have maintained a relatively stable cash position over the years, as evidenced by the consistent range of cash ratios between 0.20 and 0.21 from 2020 to 2022. This indicates that the company has managed to sustain its liquidity position, albeit with some fluctuations in recent years.
Overall, while the cash ratio of Tetra Tech Inc has fluctuated, it is essential to continue monitoring this ratio to ensure the company maintains adequate liquidity levels to cover its short-term obligations effectively.
Peer comparison
Sep 30, 2024