Bristow Group Inc (VTOL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 247,503 | 180,265 | 163,683 | 263,769 | 266,014 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 325,900 | 309,789 | 285,590 | 287,755 | 287,755 |
| Cash ratio | 0.76 | 0.58 | 0.57 | 0.92 | 0.92 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($247,503K
+ $—K)
÷ $325,900K
= 0.76
The cash ratio of Bristow Group Inc has fluctuated over the years, indicating the company's ability to meet its short-term obligations through its readily available cash and cash equivalents.
As of December 31, 2021, and March 31, 2022, the cash ratio remained stable at 0.92, suggesting that the company had $0.92 in cash and cash equivalents for every dollar of current liabilities. This indicates a strong liquidity position during that period.
However, there was a decrease in the cash ratio to 0.57 as of December 31, 2022, followed by a slight improvement to 0.58 by December 31, 2023. These lower ratios may indicate potential challenges in meeting short-term obligations purely from cash on hand.
By December 31, 2024, the cash ratio had slightly improved to 0.76, showing a positive trend in the company's ability to cover its short-term liabilities with cash and cash equivalents.
Overall, while the company's cash ratio has shown some variability, it is essential for Bristow Group Inc to continue monitoring and managing its liquidity position effectively to ensure it can meet its financial commitments as they come due.