Verisk Analytics Inc (VRSK)
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 | 302,700 | 416,800 | 308,700 | 231,900 | 112,500 | 276,800 | 480,700 | 397,900 | 111,900 | 302,100 | 276,300 | 390,900 | 218,800 | 221,800 | 309,400 | 204,400 | 184,600 | 311,800 | 153,300 | 179,500 |
| Short-term investments | US$ in thousands | 1,200 | 1,300 | 2,500 | 3,400 | 4,000 | 3,800 | 3,900 | — | 168,400 | — | — | — | — | — | — | — | 3,600 | 3,400 | — | — |
| Total current liabilities | US$ in thousands | 771,400 | 784,100 | 800,800 | 890,100 | 2,319,200 | 1,980,300 | 2,112,500 | 2,404,600 | 1,848,000 | 1,843,100 | 1,493,900 | 1,622,900 | 1,430,800 | 1,422,900 | 1,490,300 | 1,597,900 | 1,491,800 | 973,600 | 920,800 | 1,058,400 |
| Cash ratio | 0.39 | 0.53 | 0.39 | 0.26 | 0.05 | 0.14 | 0.23 | 0.17 | 0.15 | 0.16 | 0.18 | 0.24 | 0.15 | 0.16 | 0.21 | 0.13 | 0.13 | 0.32 | 0.17 | 0.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($302,700K
+ $1,200K)
÷ $771,400K
= 0.39
The cash ratio measures a company's ability to cover short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Verisk Analytics Inc's cash ratio has fluctuated over the past eight quarters, ranging from 0.10 to 0.71. In the most recent quarter (Q4 2023), the company's cash ratio was 0.59, reflecting a moderate level of cash reserves compared to its short-term liabilities.
The trend in the cash ratio shows some volatility, with spikes and dips throughout the periods analyzed. Despite the fluctuation, Verisk Analytics Inc has generally maintained a cash ratio above 0.5 in the past few quarters, indicating a reasonable ability to cover its short-term obligations with available cash.
It is important for investors and stakeholders to monitor the cash ratio along with other financial ratios and performance indicators to assess the company's liquidity position and financial health accurately.
Peer comparison
Dec 31, 2023