Bristow Group Inc (VTOL)
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 | 247,503 | 208,581 | 178,561 | 140,630 | 180,265 | 209,736 | 216,189 | 200,543 | 163,683 | 201,303 | 255,036 | 266,014 | 273,967 | 239,481 | 244,696 | 231,079 | 297,833 | 304,193 | 259,922 | 113,518 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,416 | 37,530 | 38,368 | — | 89,175 | — |
| Total current liabilities | US$ in thousands | 325,900 | 324,180 | 306,113 | 303,415 | 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 | 48,097 |
| Cash ratio | 0.76 | 0.64 | 0.58 | 0.46 | 0.58 | 0.64 | 0.74 | 0.73 | 0.57 | 0.68 | 0.75 | 0.92 | 0.95 | 0.86 | 0.90 | 0.88 | 1.03 | 0.87 | 0.97 | 2.36 |
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 shown some fluctuations over the past few years. The ratio stood at 2.36 as of March 31, 2020, indicating the company had a strong ability to cover its short-term liabilities with cash and cash equivalents. However, the ratio decreased to 0.97 by June 30, 2020, and further declined to 0.87 by September 30, 2020, suggesting a lower level of liquidity.
There was a slight improvement in the cash ratio to 1.03 by December 31, 2020, but it then decreased to 0.88 by March 31, 2021. The trend continued with the ratio fluctuating around 0.9 to 0.95 until June 30, 2022, indicating some variability in the company's ability to cover its short-term obligations with cash.
From September 30, 2022, to December 31, 2024, the cash ratio gradually declined from 0.68 to 0.76. This downward trend may suggest potential liquidity challenges or a shift in the company's cash position relative to its current liabilities.
Overall, the cash ratio of Bristow Group Inc has demonstrated some volatility over the years, with periods of stronger liquidity followed by declines. It is essential for investors and stakeholders to monitor these fluctuations closely to assess the company's short-term solvency and liquidity risk.