Williams Companies Inc (WMB)
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 | 2,150,000 | 2,074,000 | 551,000 | 477,000 | 152,000 | 859,000 | 133,000 | 604,000 | 1,680,000 | 214,000 | 1,201,000 | 1,126,000 | 142,000 | 70,000 | 1,133,000 | 400,000 | 289,000 | 247,000 | 806,000 | 43,000 |
| Short-term investments | US$ in thousands | — | — | — | -5,045,000 | — | — | — | — | — | 5,085,000 | 5,124,000 | 5,129,000 | 5,159,000 | 5,176,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,830,000 | 5,526,000 | 5,384,000 | 4,020,000 | 4,890,000 | 5,017,000 | 5,838,000 | 4,308,000 | 4,972,000 | 4,940,000 | 3,759,000 | 3,535,000 | 2,319,000 | 1,861,000 | 2,438,000 | 2,116,000 | 3,968,000 | 3,324,000 | 3,389,000 | 4,169,000 |
| Cash ratio | 0.37 | 0.38 | 0.10 | -1.14 | 0.03 | 0.17 | 0.02 | 0.14 | 0.34 | 1.07 | 1.68 | 1.77 | 2.29 | 2.82 | 0.46 | 0.19 | 0.07 | 0.07 | 0.24 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,150,000K
+ $—K)
÷ $5,830,000K
= 0.37
The cash ratio of Williams Cos Inc has shown some fluctuation over the past eight quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with cash and cash equivalents, ranged from 0.11 to 0.47 during this period.
In Q4 2023, the cash ratio was 0.44, indicating that the company had $0.44 in cash and cash equivalents for every $1 of current liabilities. This was a slight decrease from Q3 2023 when the ratio was 0.47.
The lowest cash ratio was observed in Q2 2022 at 0.11, suggesting a relatively lower level of liquidity compared to other quarters. Conversely, the highest cash ratio was seen in Q3 2022 at 0.27, indicating a stronger ability to cover short-term liabilities with available cash.
Overall, the trend in the cash ratio of Williams Cos Inc shows some variability, but the company has generally maintained a reasonable level of liquidity to meet its short-term obligations over the analyzed period. It is important for investors and analysts to continue monitoring this ratio to assess the company's liquidity position in the future.
Peer comparison
Dec 31, 2023