NCR Voyix Corporation (VYX)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 262,000 | 221,000 | 447,000 | 338,000 | 509,000 |
| Short-term investments | US$ in thousands | — | 284,000 | — | 2,000 | — |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 | 2,538,000 |
| Cash ratio | 0.20 | 0.19 | 0.16 | 0.16 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($262,000K
+ $—K)
÷ $1,333,000K
= 0.20
The cash ratio of NCR Voyix Corporation has shown varying trends over the past five years. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In 2023, the cash ratio improved to 0.20 from 0.19 in 2022, indicating that the company had a slightly better ability to cover its short-term obligations with its cash holdings.
Comparing to 2021 and 2020 where the cash ratio was 0.16, the improvement in 2023 suggests that NCR Voyix Corporation may have increased its cash reserves or managed its short-term liabilities more effectively.
However, it is worth noting that the cash ratio in 2019 was also 0.20, the same as in 2023. This indicates that while there has been improvement in recent years, the company's cash position was also relatively strong back in 2019.
Overall, the increasing trend in the cash ratio of NCR Voyix Corporation from 2020 to 2023 suggests a positive sign of liquidity management, potentially indicating a stronger ability to meet short-term financial obligations using available cash resources.