Universal Corporation (UVV)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 55,593 | 74,102 | 99,683 | 80,518 | 64,690 | 71,283 | 58,855 | 86,566 | 81,648 | 99,305 | 100,682 | 84,688 | 197,221 | 95,405 | 57,084 | 100,015 | 107,430 | 64,734 | 53,173 | 167,996 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 84,517 | 85,064 | 84,218 | 85,610 | 82,628 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 711,358 | 624,874 | 701,145 | 717,872 | 441,987 | 598,227 | 798,447 | 742,012 | 518,724 | 547,785 | 399,409 | 353,168 | 293,157 | 346,346 | 408,164 | 265,600 | 267,399 | 270,627 | 352,444 | 290,942 |
| Cash ratio | 0.08 | 0.12 | 0.14 | 0.11 | 0.15 | 0.12 | 0.07 | 0.12 | 0.16 | 0.18 | 0.46 | 0.48 | 0.96 | 0.52 | 0.34 | 0.38 | 0.40 | 0.24 | 0.15 | 0.58 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($55,593K
+ $—K)
÷ $711,358K
= 0.08
The cash ratio of Universal Corporation has shown fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its current liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the most recent quarter of March 31, 2024, the cash ratio was 0.08, indicating that the company had $0.08 of cash and cash equivalents for every $1 of current liabilities. This ratio has decreased from the previous quarter, indicating a potential decrease in the company's liquidity position.
Looking back at the trend over the past few quarters, the cash ratio has ranged from 0.07 to 0.96. The peak in the cash ratio was observed in March 31, 2021, at 0.96, suggesting that the company had a significant amount of cash on hand relative to its current liabilities at that time.
Overall, the trend in Universal Corporation's cash ratio shows some variability, with fluctuations in the company's liquidity position. It would be important for the company to continue monitoring and managing its cash and cash equivalents to ensure it can meet its short-term obligations effectively.
Peer comparison
Mar 31, 2024