UFP Technologies Inc (UFPT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 13,450 | 5,263 | 4,451 | 11,117 | 24,234 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 76,295 | 58,209 | 55,961 | 38,783 | 15,137 |
| Cash ratio | 0.18 | 0.09 | 0.08 | 0.29 | 1.60 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($13,450K
+ $—K)
÷ $76,295K
= 0.18
The cash ratio for UFP Technologies Inc has shown a significant decrease over the years, from 1.60 on December 31, 2020, to 0.29 on December 31, 2021, and further declining to 0.08 on December 31, 2022. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has weakened. However, there was a slight improvement in the cash ratio to 0.09 on December 31, 2023, followed by a further increase to 0.18 on December 31, 2024. While the trend is showing some signs of improvement, UFP Technologies Inc should continue to monitor its cash position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024