Cactus Inc (WHD)

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 342,843 303,376 246,503 194,257 133,792 63,738 63,910 75,422 344,527 320,623 311,684 297,741 301,669 301,974 309,082 291,970 288,659 273,941 270,673 230,202
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 178,824 191,301 178,623 190,670 175,660 177,367 180,731 186,566 116,649 132,187 113,638 102,457 92,574 87,951 73,560 55,056 48,915 47,997 58,778 81,414
Cash ratio 1.92 1.59 1.38 1.02 0.76 0.36 0.35 0.40 2.95 2.43 2.74 2.91 3.26 3.43 4.20 5.30 5.90 5.71 4.61 2.83

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($342,843K + $—K) ÷ $178,824K
= 1.92

The cash ratio of Cactus Inc has displayed fluctuating trends over the years, indicating varying levels of liquidity. Starting at a relatively high level of 2.83 on March 31, 2020, the ratio increased steadily, reaching its peak at 5.90 on December 31, 2020. Subsequently, there was a gradual decline in the cash ratio, with intermittent fluctuations, until hitting a low of 0.35 on June 30, 2023. The ratio then showed signs of recovery, increasing to 1.92 on December 31, 2024.

Overall, the trend in the cash ratio suggests that Cactus Inc has experienced periods of both strong and weak liquidity positions during the period under review. It is important for the company to carefully manage its cash reserves to ensure it maintains an optimal level of liquidity to meet its short-term obligations and take advantage of potential investment opportunities.