Woodward Inc (WWD)
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 | 144,348 | 137,447 | 114,107 | 129,427 | 99,335 | 107,844 | 99,342 | 207,833 | 426,075 | 446,555 | 360,100 | 285,687 | 199,973 | 149,773 | 98,483 | 99,969 | 145,378 | 97,573 | 63,302 | 65,303 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 582,814 | 617,196 | 586,659 | 666,944 | 633,161 | 539,113 | 424,474 | 369,046 | 329,508 | 366,257 | 340,577 | 341,408 | 328,110 | 392,332 | 535,628 | 594,834 | 792,045 | 707,436 | 642,672 | 642,612 |
| Cash ratio | 0.25 | 0.22 | 0.19 | 0.19 | 0.16 | 0.20 | 0.23 | 0.56 | 1.29 | 1.22 | 1.06 | 0.84 | 0.61 | 0.38 | 0.18 | 0.17 | 0.18 | 0.14 | 0.10 | 0.10 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($144,348K
+ $—K)
÷ $582,814K
= 0.25
The cash ratio of Woodward Inc has shown fluctuations over the past eight quarters. The ratio was 0.34 in Q1 2024, which indicates that the company had $0.34 in cash available for every $1 of current liabilities. This represents a slight increase from the previous quarter (Q4 2023) when the cash ratio was 0.30.
It is worth noting that the cash ratio reached its lowest point in Q1 2023 at 0.29, indicating a temporary liquidity strain during that period. However, the ratio improved in subsequent quarters, with Q2 2022 showing a notably high cash ratio of 0.69, suggesting a strong liquidity position at that time.
Overall, the cash ratio of Woodward Inc has fluctuated within a moderate range over the past eight quarters, indicating some variability in the company's ability to cover its short-term obligations with cash on hand. It would be important to monitor the trend of the cash ratio over time to assess the company's liquidity management and financial health effectively.