UFP Technologies Inc (UFPT)
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 | 5,263 | 6,376 | 5,291 | 6,503 | 4,451 | 9,937 | 5,576 | 3,652 | 11,117 | 33,094 | 30,273 | 25,377 | 24,234 | 17,435 | 12,266 | 7,334 | 3,743 | 11,390 | 5,231 | 2,493 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 58,209 | 56,588 | 52,993 | 52,192 | 55,961 | 57,400 | 53,382 | 38,824 | 38,783 | 18,760 | 19,639 | 16,668 | 15,137 | 16,063 | 16,565 | 17,462 | 16,784 | 21,361 | 20,905 | 18,970 |
| Cash ratio | 0.09 | 0.11 | 0.10 | 0.12 | 0.08 | 0.17 | 0.10 | 0.09 | 0.29 | 1.76 | 1.54 | 1.52 | 1.60 | 1.09 | 0.74 | 0.42 | 0.22 | 0.53 | 0.25 | 0.13 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,263K
+ $—K)
÷ $58,209K
= 0.09
The cash ratio for UFP Technologies Inc has been fluctuating over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
At the end of December 2023, the cash ratio was 0.09, indicating that the company had $0.09 in cash and cash equivalents for every $1 of current liabilities. This suggests a relatively low liquidity position.
Comparing this to previous quarters, the cash ratio has shown variability. The ratio was relatively high in the third quarter of 2021 (1.76) and has since decreased significantly. A high cash ratio could imply conservative financial management, while a decreasing ratio may signal a utilization of cash for investments or other purposes.
The cash ratio of UFP Technologies Inc seems to have experienced a significant change in a relatively short period, possibly due to changes in cash balances, short-term debt levels, or overall business operations. It would be important to further investigate the reasons behind these fluctuations to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2023