Upbound Group Inc. (UPBD)
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 | 93,705 | 105,726 | 86,801 | 171,698 | 144,141 | 165,627 | 112,175 | 95,684 | 108,333 | 158,830 | 145,072 | 123,019 | 159,449 | 227,398 | 206,426 | 182,919 | 70,494 | 73,682 | 353,139 | 237,744 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 613,804 | 431,976 | 411,337 | 438,330 | 445,168 | 448,141 | 438,787 | 454,575 | 369,899 | 510,805 | 540,737 | 561,198 | 388,116 | 482,223 | 451,835 | 336,032 | 343,050 | 406,839 | 410,071 | 445,564 |
| Cash ratio | 0.15 | 0.24 | 0.21 | 0.39 | 0.32 | 0.37 | 0.26 | 0.21 | 0.29 | 0.31 | 0.27 | 0.22 | 0.41 | 0.47 | 0.46 | 0.54 | 0.21 | 0.18 | 0.86 | 0.53 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($93,705K
+ $—K)
÷ $613,804K
= 0.15
The cash ratio of Upbound Group Inc. has shown fluctuating trends over the past several quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the data provided, the cash ratio ranged from 0.15 to 0.54 over the last five quarters. The ratio was at its lowest at 0.15 at the end of December 2023, indicating that the company had relatively less cash on hand to cover its current liabilities.
The highest cash ratio of 0.54 was observed at the end of March 2020, suggesting a stronger ability to cover short-term obligations with available cash. It's important to note that a higher cash ratio generally signifies a stronger liquidity position, whereas a lower ratio may raise concerns about the company's ability to meet its short-term financial obligations.
The fluctuations in the cash ratio could be indicative of changes in the company's cash management practices, operating performance, or overall business conditions. It would be essential for stakeholders to further investigate the reasons behind these fluctuations to better understand Upbound Group Inc.'s financial health and liquidity position.
Peer comparison
Dec 31, 2023