NCR Voyix Corporation (VYX)
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 | 724,000 | 795,000 | 228,000 | 268,000 | 283,000 | 675,000 | 547,000 | 519,000 | 505,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 20,000 | 20,000 | 33,000 | — | 13,000 | — | — | — | — | — | 1,000 | 2,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,527,000 | 1,254,000 | 1,335,000 | 1,333,000 | 2,680,000 | 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 |
| Cash ratio | 0.51 | 0.52 | 0.18 | 0.20 | 0.21 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($724,000K
+ $—K)
÷ $1,420,000K
= 0.51
The cash ratio of NCR Voyix Corporation has shown fluctuating trends over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2020, the cash ratio improved from 0.50 to 0.73, indicating an increase in the company's ability to cover its short-term obligations with cash on hand. However, in the following quarters, from December 31, 2020, to March 31, 2021, the ratio decreased significantly to 0.14, which suggests a potential liquidity concern.
The company's cash ratio continued to fluctuate around the 0.15 mark from March 31, 2021, to June 30, 2022, indicating some level of stability. Notably, there was a slight improvement in the ratio by the end of December 31, 2022, where it reached 0.19.
However, by September 30, 2024, there was a significant spike in the cash ratio to 0.52, which could imply that the company had accumulated a higher level of cash compared to its short-term liabilities.
Overall, the analysis of NCR Voyix Corporation's cash ratio suggests that the company has experienced variations in its liquidity position over the years, with some quarters showing improved liquidity while others raising potential concerns.