Bristow Group Inc (VTOL)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 180,265 | 160,029 | 263,769 | 228,010 | 117,366 |
| Short-term investments | US$ in thousands | — | — | — | 37,530 | — |
| Total current liabilities | US$ in thousands | 309,789 | 285,590 | 287,755 | 305,120 | 50,776 |
| Cash ratio | 0.58 | 0.56 | 0.92 | 0.87 | 2.31 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($180,265K
+ $—K)
÷ $309,789K
= 0.58
The cash ratio of Bristow Group Inc has shown a gradual decline over the past five periods, from 2.31 at the end of December 2019 to 0.58 at the end of December 2023. This indicates that the company's ability to cover its current liabilities with cash and cash equivalents has weakened over time. The ratio hit its lowest point at 0.56 in December 2022, before showing a slight improvement in subsequent periods. Although the cash ratio of 0.58 at the end of December 2023 suggests that the company still has enough liquid assets to cover its short-term obligations, the downward trend may signal potential liquidity challenges that require closer monitoring and management attention.