Xpel Inc (XPEL)
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 | 22,087 | 20,986 | 14,984 | 8,614 | 11,609 | 10,374 | 14,298 | 8,330 | 8,056 | 10,245 | 9,321 | 10,596 | 9,644 | 7,816 | 8,734 | 35,615 | 29,027 | 27,224 | 25,796 | 14,788 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 41,518 | 36,520 | 31,031 | 31,821 | 36,472 | 46,545 | 35,396 | 27,630 | 27,402 | 31,815 | 40,419 | 47,098 | 36,268 | 34,987 | 25,000 | 26,109 | 21,200 | 20,900 | 19,108 | 14,785 |
| Cash ratio | 0.53 | 0.57 | 0.48 | 0.27 | 0.32 | 0.22 | 0.40 | 0.30 | 0.29 | 0.32 | 0.23 | 0.22 | 0.27 | 0.22 | 0.35 | 1.36 | 1.37 | 1.30 | 1.35 | 1.00 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($22,087K
+ $—K)
÷ $41,518K
= 0.53
The cash ratio of Xpel Inc has fluctuated over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A cash ratio of 1 or higher indicates that the company can pay off its current liabilities with its cash on hand.
From March 31, 2020, to June 30, 2021, Xpel Inc maintained a relatively strong cash position with a cash ratio above 1, indicating a healthy liquidity position. However, there was a significant decline in the cash ratio from June 30, 2021, to September 30, 2021, where it dropped to 0.22, indicating a potential strain on the company's ability to cover its short-term obligations with available cash.
The cash ratio improved slightly from September 30, 2021, to June 30, 2024, with some fluctuations along the way. Notably, the ratio increased to 0.57 on September 30, 2024, suggesting an improvement in liquidity compared to the earlier periods. Despite the fluctuations observed, Xpel Inc should continue to monitor and manage its cash position to ensure it can meet its short-term obligations effectively.