Vulcan Materials Company (VMC)
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 | 559,700 | 433,200 | 111,600 | 300,100 | 949,200 | 340,000 | 166,000 | 139,600 | 161,400 | 122,400 | 120,700 | 123,100 | 235,000 | 135,683 | 857,555 | 722,344 | 1,197,070 | 1,084,100 | 816,765 | 120,041 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 4 | — | — | — | — | — | 34,108 | 34,264 | 34,265 | 34,301 | 41,778 | — | — |
| Total current liabilities | US$ in thousands | 1,239,100 | 774,100 | 796,800 | 696,200 | 797,600 | 864,200 | 793,300 | 756,900 | 956,600 | 1,362,500 | 1,029,300 | 892,700 | 769,300 | 876,693 | 599,245 | 565,857 | 1,047,880 | 1,069,890 | 1,038,750 | 475,676 |
| Cash ratio | 0.45 | 0.56 | 0.14 | 0.43 | 1.19 | 0.39 | 0.21 | 0.18 | 0.17 | 0.09 | 0.12 | 0.14 | 0.31 | 0.19 | 1.49 | 1.34 | 1.18 | 1.05 | 0.79 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($559,700K
+ $—K)
÷ $1,239,100K
= 0.45
The cash ratio of Vulcan Materials Company has shown fluctuations over the past few years. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to March 31, 2021, the cash ratio exhibited a steady increase, indicating an improvement in the company's liquidity position. However, there was a significant drop in the cash ratio from June 30, 2021, to September 30, 2021, which could suggest a decrease in the company's ability to cover its immediate obligations with its available cash.
The cash ratio continued to fluctuate over the following quarters, with periods of both increase and decrease. Notably, the ratio spiked to 1.19 on December 31, 2023, signaling a substantial improvement in liquidity. This trend was followed by a decline to 0.43 on March 31, 2024, indicating a decreased ability to cover short-term liabilities.
Overall, the fluctuating nature of Vulcan Materials Company's cash ratio suggests varying levels of liquidity and potential challenges in managing short-term obligations with available cash and cash equivalents. Additional analysis and consideration of other financial metrics would be necessary to gain a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024