What is ESAB's cash ratio?

ESAB (ESAB) reported cash ratio of 1.4× in Q1 2026.

How has ESAB's cash ratio changed year-over-year?

ESAB's cash ratio increased by 217.4% year-over-year, from 0.4× to 1.4×.

What is the long-term trend for ESAB's cash ratio?

Over 4 years (2021 to 2025), ESAB's cash ratio has grown at a 41.8% compound annual growth rate (CAGR), from 0.1× to 0.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

ESAB ESAB Cash ratio

Cash ratio at other companies

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0.2×-0.1×

LEC

Lincoln Electric HoldingsLECO

0.3×-0.1×

Advanced Energy IndustriesAEIS

0.7×-1.6×

MSA

Mine Safety Appliances CompanyMSA

0.6×0.0×

EnproNPO

0.4×-0.9×

Applied Industrial TechnologiesAIT

0.3×-0.4×

Other financials

Income statement

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Revenue$745.6M+9.9%

Gross profit$275.1M+7.8%

Operating income$90.5M-17.6%

Net income$47.6M-29.3%

EPS (diluted)$0.78-29.1%

Balance sheet

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Cash & equivalents$1.0B+245%

Total debt$2.1B+84.9%

Total equity$2.2B+14.7%

Total assets$5.6B+33.4%

Cash flow

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Operating cash flow$46.9M+32.5%

CapEx$13.7M+87.9%

Free cash flow$33.2M+18.1%

Valuation

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Market cap$6.47B-16.7%

Enterprise value$7.6B-11.5%

P/E31.2×+2.7×

P/S2.2×-0.6×

Profitability

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Gross margin36.7%-1.3pp

Operating margin13.5%-2.9pp

Net margin7.1%-2.9pp

FCF margin7.5%-3.3pp

Returns & leverage

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Return on equity10.1%-5.2pp

Debt / equity1×+0.4×

Current ratio3×+1.1×

Where this comes from

Calculated from ESAB’s reported figures.

cash and equivalents/total current liabilities=1.4×

Based on the most recent quarter.

The official record: ESAB’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ESAB's cash ratio?: ESAB (ESAB) reported cash ratio of 1.4× in Q1 2026.
How has ESAB's cash ratio changed year-over-year?: ESAB's cash ratio increased by 217.4% year-over-year, from 0.4× to 1.4×.
What is the long-term trend for ESAB's cash ratio?: Over 4 years (2021 to 2025), ESAB's cash ratio has grown at a 41.8% compound annual growth rate (CAGR), from 0.1× to 0.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.