Textron Inc (TXT)
Cash ratio
| Dec 31, 2024 | Sep 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 | 55,000 | 58,000 | 78,000 | 2,121,000 | 45,000 | 55,000 | 80,000 | 1,963,000 | 67,000 | 1,764,000 | 1,978,000 | 1,922,000 | 1,969,000 | 193,000 | 1,897,000 | 2,146,000 | 152,000 | 170,000 | 183,000 | 1,181,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 943,000 | 4,359,000 | 4,395,000 | 4,378,000 | 4,387,000 | 4,404,000 | 4,289,000 | 3,670,000 | 3,627,000 | 3,474,000 | 3,337,000 | 3,136,000 | 3,052,000 | 3,007,000 | 3,123,000 | 3,270,000 | 3,991,000 | 4,072,000 | 4,515,000 | 48,000 |
| Cash ratio | 0.06 | 0.01 | 0.02 | 0.48 | 0.01 | 0.01 | 0.02 | 0.53 | 0.02 | 0.51 | 0.59 | 0.61 | 0.65 | 0.06 | 0.61 | 0.66 | 0.04 | 0.04 | 0.04 | 24.60 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($55,000K
+ $—K)
÷ $943,000K
= 0.06
The cash ratio of Textron Inc has fluctuated over the years based on the provided data. As of December 31, 2019, the cash ratio was quite high at 24.60, indicating that the company had a significant amount of cash on hand relative to its current liabilities. However, this ratio sharply declined in the following quarters, dropping to very low levels of 0.04 by March 31, 2020, and remained at this level until the end of the year.
In the subsequent periods, there were some improvements in the cash ratio, notably reaching 0.66 by December 31, 2020, suggesting that the company had increased its cash reserves relative to its short-term obligations. The ratio continued to fluctuate throughout the following years, ranging from 0.01 to 0.65, with some quarters showing higher levels of liquidity than others.
By December 31, 2024, the cash ratio had increased to 0.06, indicating a slight improvement in the company's ability to cover its short-term liabilities with its cash resources. Overall, the trend in Textron Inc's cash ratio suggests varying levels of liquidity management and cash flow efficiency throughout the analyzed period.
Peer comparison
Dec 31, 2024