Westinghouse Air Brake Technologies Corp (WAB)
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 | 706,000 | 401,000 | 590,000 | 634,000 | 615,000 | 385,000 | 364,000 | 410,000 | 534,000 | 514,000 | 501,000 | 488,000 | 473,000 | 456,000 | 453,500 | 483,500 | 599,000 | 559,300 | 587,900 | 615,900 |
| Short-term investments | US$ in thousands | 9,000 | 9,000 | — | — | 10,000 | 23,000 | 7,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,792,000 | 3,681,000 | 3,647,000 | 3,153,000 | 4,056,000 | 3,891,000 | 4,173,000 | 4,165,000 | 3,467,000 | 3,328,000 | 3,190,000 | 2,880,000 | 2,910,000 | 2,811,600 | 2,844,700 | 3,168,900 | 3,226,000 | 3,228,600 | 3,483,200 | 2,981,600 |
| Cash ratio | 0.19 | 0.11 | 0.16 | 0.20 | 0.15 | 0.10 | 0.09 | 0.10 | 0.15 | 0.15 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 | 0.15 | 0.19 | 0.17 | 0.17 | 0.21 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($706,000K
+ $9,000K)
÷ $3,792,000K
= 0.19
The cash ratio of Westinghouse Air Brake Technologies Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio represents the company's ability to cover its current liabilities with cash and cash equivalents.
The ratio started at 0.21 on March 31, 2020, indicating that the company had $0.21 in cash and cash equivalents for every $1 of current liabilities. However, the ratio decreased to 0.15 by March 31, 2023, which might suggest a lower level of liquidity compared to earlier periods.
There was a slight recovery in the cash ratio to 0.20 by March 31, 2024, indicating a temporary improvement in the company's ability to meet short-term obligations with available cash. However, by September 30, 2024, the ratio fell to 0.11, potentially signaling a liquidity challenge or changes in cash management practices.
Overall, the fluctuation in the cash ratio of Westinghouse Air Brake Technologies Corp reflects variations in the company's cash position relative to its current liabilities over the years, highlighting the importance of monitoring liquidity levels for assessing financial health and operational efficiency.
Peer comparison
Dec 31, 2024