Upbound Group Inc. (UPBD)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 60,860 | 85,054 | 82,515 | 84,793 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 388,462 | 406,790 | 382,112 | 428,161 | 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 |
| Cash ratio | 0.16 | 0.21 | 0.22 | 0.20 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($60,860K
+ $—K)
÷ $388,462K
= 0.16
The cash ratio of Upbound Group Inc. has fluctuated over the years based on the provided data. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend shows a decrease in the cash ratio from March 2020 to December 2021, reaching its lowest point of 0.15 by the end of December 2023. This may suggest that the company had less cash available relative to its current liabilities during this period.
Subsequently, there was a slight improvement in the cash ratio from March 2024 to December 2024, indicating a potential increase in the company's ability to cover its short-term obligations with cash on hand.
It is important for Upbound Group Inc. to continue monitoring its cash position and liquidity to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024