AAON Inc (AAON)
Quick 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 | US$ in thousands | 14 | 15 | 13 | 8,385 | 287 | 212 | 5,237 | 2,515 | 5,451 | 10,738 | 17,647 | 5,633 | 2,859 | 101,813 | 111,427 | 97,047 | 79,025 | 70,603 | 61,284 | 35,677 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 174,905 | 139,833 | 141,319 | 125,163 | 126,749 | 140,479 | 153,673 | 137,871 | 145,567 | 142,184 | 136,169 | 114,226 | 86,768 | 74,206 | 78,511 | 66,679 | 59,033 | 61,506 | 76,620 | 64,185 |
| Quick ratio | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.03 | 0.02 | 0.04 | 0.08 | 0.13 | 0.05 | 0.03 | 1.37 | 1.42 | 1.46 | 1.34 | 1.15 | 0.80 | 0.56 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($14K
+ $—K
+ $—K)
÷ $174,905K
= 0.00
AAON Inc's quick ratio measures its ability to meet short-term obligations with liquid assets. The quick ratio has fluctuated over the reporting periods provided. It was relatively low, indicating a potential liquidity issue, in December 2021, March 2022, June 2022, September 2022, and December 2022, hovering around 0.05.
However, the quick ratio improved significantly from March 2023 onwards, reaching its peak at 1.46 in March 2021. This indicates a healthy level of liquidity to cover short-term obligations with liquid assets. The trend then declined gradually and reached 0.07 by March 2024.
In summary, AAON Inc's quick ratio has shown variability over the periods, with both low and high levels of liquidity. It is essential for stakeholders to monitor these fluctuations for a better understanding of the company's short-term financial health.
Peer comparison
Dec 31, 2024