Westinghouse Air Brake Technologies Corp (WAB)
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 | 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 | 604,200 | 587,400 | 461,371 | 512,870 |
| Short-term investments | US$ in thousands | — | 23,000 | 7,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 3,258,000 | 3,198,900 | 3,211,320 | 3,254,440 |
| Cash ratio | 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 | 0.19 | 0.18 | 0.14 | 0.16 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($615,000K
+ $—K)
÷ $4,056,000K
= 0.15
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. Westinghouse Air Brake Technologies Corp's cash ratio fluctuated over the past eight quarters, ranging from 0.16 to 0.24.
The cash ratio has been relatively stable, typically hovering around the 0.20 mark, which indicates that the company has consistently maintained a sufficient level of cash to cover its immediate obligations. The Q4 2023 cash ratio of 0.22 suggests that the company had $0.22 in cash and cash equivalents for every $1 of current liabilities at the end of the fourth quarter of 2023.
Overall, Westinghouse Air Brake Technologies Corp's cash ratio indicates a moderate liquidity position, with the company holding a reasonable amount of cash to meet its short-term financial obligations. It is important for the company to continue monitoring and managing its cash levels effectively to ensure ongoing liquidity and financial stability.
Peer comparison
Dec 31, 2023