Zurn Elkay Water Solutions Corporation (ZWS)
Cash ratio
| Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 187,900 | 157,100 | 136,700 | 173,100 | 103,000 | 74,800 | 124,800 | 71,900 | 110,400 | 73,200 | 96,600 | 477,600 | 390,700 | 307,300 | 326,600 | 353,400 | 573,400 | 277,000 | 319,800 | 271,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 279,200 | 210,600 | 220,900 | 229,800 | 231,500 | 229,600 | 289,300 | 328,700 | 241,200 | 214,500 | 240,400 | 420,700 | 382,700 | 356,300 | 360,000 | 403,000 | 455,500 | 347,300 | 344,800 | 354,300 |
| Cash ratio | 0.67 | 0.75 | 0.62 | 0.75 | 0.44 | 0.33 | 0.43 | 0.22 | 0.46 | 0.34 | 0.40 | 1.14 | 1.02 | 0.86 | 0.91 | 0.88 | 1.26 | 0.80 | 0.93 | 0.77 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($187,900K
+ $—K)
÷ $279,200K
= 0.67
The cash ratio of Zurn Elkay Water Solutions Corporation has fluctuated over the past few quarters, ranging from a low of 0.22 to a high of 1.26. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.67, indicating that the company had $0.67 in cash and cash equivalents for every dollar of current liabilities. This suggests a moderate liquidity position, although there is room for improvement.
Looking at the trend over the past few quarters, we see some variation in the cash ratio. For example, the ratio was relatively low in the December 2022 quarter at 0.43 but improved in the subsequent quarters. The highest cash ratio of 1.26 was observed in the September 2019 quarter, indicating a strong ability to cover short-term liabilities with available cash.
Overall, while there have been fluctuations in the cash ratio, it is important for Zurn Elkay Water Solutions Corporation to maintain a healthy level of liquidity to meet its short-term obligations efficiently. Management may want to monitor this ratio closely and take appropriate steps to manage its cash position effectively in the future.
Peer comparison
Sep 30, 2024