World Kinect Corporation (WKC)
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 | 382,900 | 373,800 | 524,600 | 321,300 | 304,300 | 335,600 | 293,900 | 216,700 | 298,400 | 280,300 | 385,800 | 266,200 | 652,200 | 796,000 | 742,700 | 735,300 | 658,800 | 572,700 | 645,700 | 537,000 |
| Short-term investments | US$ in thousands | — | — | 10,500 | 13,400 | — | 14,500 | — | — | — | 11,100 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,437,800 | 3,583,100 | 3,818,900 | 3,862,400 | 4,049,700 | 4,114,200 | 3,572,000 | 4,153,500 | 4,608,600 | 4,568,300 | 5,094,700 | 4,412,500 | 3,096,700 | 2,696,500 | 2,392,600 | 2,092,200 | 1,684,000 | 1,557,000 | 1,606,600 | 2,109,300 |
| Cash ratio | 0.11 | 0.10 | 0.14 | 0.09 | 0.08 | 0.09 | 0.08 | 0.05 | 0.06 | 0.06 | 0.08 | 0.06 | 0.21 | 0.30 | 0.31 | 0.35 | 0.39 | 0.37 | 0.40 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($382,900K
+ $—K)
÷ $3,437,800K
= 0.11
The cash ratio of World Kinect Corporation has exhibited varying trends over the past few years. Starting at 0.25 on March 31, 2020, the ratio increased to 0.40 by June 30, 2020. Subsequently, it fluctuated between 0.31 to 0.39 until December 31, 2021. However, from March 31, 2022, there was a substantial decrease in the cash ratio, falling to 0.05 by March 31, 2023. Interestingly, the ratio slightly improved in the following quarters, reaching 0.14 by June 30, 2024, before declining again to 0.10 by September 30, 2024. This indicates that the liquidity position of the company, as measured by the cash ratio, has been somewhat volatile in recent periods, potentially indicating varying levels of short-term solvency and ability to cover immediate liabilities with available cash. The company may need to closely monitor and manage its cash position to ensure it remains at adequate levels for operational stability and financial flexibility.