NCR Voyix Corporation (VYX)
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 | 262,000 | 675,000 | 547,000 | 519,000 | 221,000 | 434,000 | 398,000 | 412,000 | 447,000 | 383,000 | 449,000 | 319,000 | 338,000 | 1,605,000 | 1,681,000 | 1,214,000 | 509,000 | 388,000 | 335,000 | 414,000 |
| Short-term investments | US$ in thousands | — | 20,000 | 20,000 | 33,000 | 284,000 | 13,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,681,000 | 2,657,000 | 2,816,000 | 2,713,000 | 2,770,000 | 2,833,000 | 2,830,000 | 2,808,000 | 2,734,000 | 2,967,000 | 2,218,000 | 2,088,000 | 2,278,000 | 2,294,000 | 2,406,000 | 2,538,000 | 2,346,000 | 2,303,000 | 2,381,000 |
| Cash ratio | 0.20 | 0.26 | 0.21 | 0.20 | 0.19 | 0.16 | 0.14 | 0.15 | 0.16 | 0.14 | 0.15 | 0.14 | 0.16 | 0.70 | 0.73 | 0.50 | 0.20 | 0.17 | 0.15 | 0.17 |
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 measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. The higher the cash ratio, the more liquid the company is considered to be.
Based on the data provided for NCR Voyix Corporation, the cash ratio has fluctuated over the past few years. In December 2023, the cash ratio decreased to 0.20 from 0.26 in September 2023, indicating a slight reduction in the company's ability to cover its short-term liabilities with cash.
Looking at the trend over the past few quarters, the cash ratio has generally been within the range of 0.14 to 0.26, with some variation. Notably, in the recent quarters of 2020, the cash ratio spiked significantly to 0.70 in September 2020 and 0.73 in June 2020, suggesting a strong ability to cover short-term liabilities during that period.
Overall, NCR Voyix Corporation's cash ratio appears to have experienced some fluctuations, indicating changes in its liquidity position over time. It is important for the company to maintain a healthy cash ratio to ensure it can meet its short-term obligations efficiently.