AAON Inc (AAON)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 14 | 287 | 5,451 | 2,859 | 79,025 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 174,905 | 126,749 | 145,567 | 86,768 | 59,033 |
| Quick ratio | 0.00 | 0.00 | 0.04 | 0.03 | 1.34 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($14K
+ $—K
+ $—K)
÷ $174,905K
= 0.00
The quick ratio of AAON Inc has exhibited a concerning trend over the years, decreasing significantly from 1.34 as of December 31, 2020, to 0.03 as of December 31, 2021, and remaining low at 0.04 as of December 31, 2022. Furthermore, the quick ratio dropped even further to 0.00 as of both December 31, 2023, and December 31, 2024. This indicates a potential liquidity issue for the company, as its ability to cover its short-term obligations with its most liquid assets has deteriorated rapidly. The declining quick ratio may raise concerns among stakeholders about AAON Inc's ability to meet its immediate financial obligations in the near future.
Peer comparison
Dec 31, 2024