Bristow Group Inc (VTOL)
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 | 180,265 | 207,530 | 211,972 | 198,428 | 160,029 | 199,485 | 255,036 | 263,769 | 273,967 | 236,989 | 244,696 | 228,010 | 293,530 | 301,404 | 259,922 | 196,662 | 117,366 | 107,736 | 88,430 | 49,612 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 19,416 | 37,530 | 38,368 | — | 89,175 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 309,789 | 325,704 | 293,817 | 274,412 | 285,590 | 294,408 | 337,828 | 287,755 | 288,427 | 279,123 | 293,926 | 305,120 | 325,891 | 351,231 | 358,226 | 297,978 | 50,776 | 34,396 | 29,981 | 31,517 |
| Cash ratio | 0.58 | 0.64 | 0.72 | 0.72 | 0.56 | 0.68 | 0.75 | 0.92 | 0.95 | 0.85 | 0.90 | 0.87 | 1.02 | 0.86 | 0.97 | 0.66 | 2.31 | 3.13 | 2.95 | 1.57 |
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 for Bristow Group Inc has shown some fluctuations over the past several quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the trend, the cash ratio has generally been in a healthy range, with values typically above 0.5, indicating that the company has had enough cash on hand to cover its short-term obligations.
There are some notable increases and decreases in the ratio over the periods, such as the significant rise from 0.66 in March 2020 to 2.31 in December 2019, suggesting a substantial increase in cash reserves relative to short-term obligations.
Overall, a higher cash ratio indicates a stronger liquidity position for the company, while a lower ratio may raise concerns about its ability to meet short-term obligations. It would be essential to monitor the trend of the cash ratio over time to assess the company's liquidity and financial health accurately.