Tetra Tech Inc (TTEK)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 232,689 | 212,321 | 210,294 | 198,689 | 168,831 | 176,056 | 231,388 | 164,397 | 185,094 | 217,384 | 194,378 | 205,542 | 166,568 | 234,266 | 225,330 | 163,438 | 157,515 | 141,658 | 134,981 | 110,833 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 8,180 | 7,700 | 7,919 | 7,332 | 6,684 | — | — |
| Total current liabilities | US$ in thousands | 1,219,530 | 1,246,260 | 1,193,930 | 1,161,000 | 1,208,140 | 1,212,160 | 1,172,980 | 870,615 | 916,017 | 945,465 | 855,191 | 849,268 | 848,483 | 811,348 | 796,702 | 754,721 | 793,456 | 732,660 | 735,755 | 712,476 |
| Cash ratio | 0.19 | 0.17 | 0.18 | 0.17 | 0.14 | 0.15 | 0.20 | 0.19 | 0.20 | 0.23 | 0.23 | 0.24 | 0.20 | 0.30 | 0.29 | 0.23 | 0.21 | 0.20 | 0.18 | 0.16 |
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 variability over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates stronger liquidity and financial health.
In the most recent quarter, Tetra Tech Inc's cash ratio was 0.19, which means the company had $0.19 in cash and cash equivalents for every dollar of current liabilities. This indicates a moderate level of liquidity compared to previous quarters.
Looking at the trend over the past year, the cash ratio has generally been fluctuating within a range of 0.14 to 0.30. There was a significant decrease in the cash ratio in the fourth quarter of 2020 but it has since recovered and stabilized at around 0.20 to 0.23 in the recent quarters.
Overall, Tetra Tech Inc has maintained a reasonable level of liquidity as evidenced by its cash ratio. However, it is important to monitor this ratio closely in the future to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Sep 30, 2024