Cactus Inc (WHD)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 616,957 | 556,178 | 492,948 | 499,069 | 527,455 | 654,642 | 626,950 | 594,527 | 546,365 | 518,485 | 491,801 | 473,779 | 439,407 | 425,142 | 411,894 | 416,666 | 435,274 | 414,883 | 386,950 | 364,535 |
| Total current liabilities | US$ in thousands | 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 | 91,126 | 89,580 | 92,955 |
| Current ratio | 3.24 | 3.17 | 2.78 | 2.76 | 2.83 | 5.61 | 4.74 | 5.23 | 5.33 | 5.60 | 5.59 | 6.44 | 7.98 | 8.69 | 8.58 | 7.09 | 5.35 | 4.55 | 4.32 | 3.92 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $616,957K ÷ $190,670K
= 3.24
The current ratio of Cactus Inc has exhibited fluctuations over the past several quarters, ranging from a low of 2.76 to a high of 8.69. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
In recent quarters, Cactus Inc's current ratio has generally been above 2, indicating that the company has more than enough current assets to cover its current liabilities. However, the ratio has experienced some volatility, with a substantial decrease from 7.98 in December 2020 to 3.92 in June 2019.
The current ratio peaked at 8.69 in December 2020, reflecting a significant increase in the company's liquidity position at that time. Since then, the ratio has gradually declined but generally remained above 4, indicating a healthy liquidity position overall.
It is important for investors and stakeholders to monitor Cactus Inc's current ratio closely to ensure that the company can continue to meet its short-term obligations and manage its liquidity effectively.
Peer comparison
Mar 31, 2024