ABM Industries Incorporated (ABM)
Quick ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 64,600 | 86,300 | 60,700 | 58,000 | 69,500 | 97,700 | 71,200 | 87,900 | 73,000 | 63,900 | 48,900 | 46,600 | 62,800 | 505,400 | 435,700 | 378,300 | 394,200 | 229,400 | 555,900 | 69,800 |
| Short-term investments | US$ in thousands | 0 | — | — | — | — | — | 14,400 | 15,600 | 14,500 | 14,800 | 15,800 | 15,300 | 11,800 | 11,000 | — | 11,000 | 11,000 | — | — | — |
| Receivables | US$ in thousands | -22,800 | -24,200 | -25,400 | -27,300 | -25,000 | -23,000 | -24,200 | -23,300 | -22,600 | -28,500 | -28,400 | -34,000 | -32,700 | -31,800 | -34,700 | -37,900 | -35,500 | -36,000 | -34,900 | -25,200 |
| Total current liabilities | US$ in thousands | 1,348,400 | 1,246,100 | 1,179,100 | 1,165,300 | 1,217,900 | 1,176,500 | 1,109,500 | 1,276,300 | 1,353,200 | 1,273,700 | 1,280,700 | 1,267,800 | 1,285,800 | 1,105,500 | 1,064,400 | 1,017,800 | 986,900 | 877,400 | 941,200 | 871,100 |
| Quick ratio | 0.03 | 0.05 | 0.03 | 0.03 | 0.04 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.44 | 0.38 | 0.35 | 0.37 | 0.22 | 0.55 | 0.05 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($64,600K
+ $0K
+ $-22,800K)
÷ $1,348,400K
= 0.03
The quick ratio of ABM Industries Incorporated has shown fluctuations over the provided period. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From the data provided, we observe that the quick ratio has generally been low, with values ranging mostly between 0.02 and 0.06. This indicates that the company may have limited short-term liquidity and could potentially face challenges in meeting its immediate financial obligations.
However, there are a few instances where the quick ratio improved notably, such as in Jul 31, 2021 (0.44) and Apr 30, 2021 (0.38), where the company showed significant improvement in its ability to cover short-term liabilities with its quick assets.
On the other hand, the quick ratio dropped significantly in Oct 31, 2020 (0.05), which may suggest a potential liquidity strain during that period.
Overall, the trend in ABM Industries Incorporated's quick ratio indicates varying levels of liquidity and the company may need to closely monitor and manage its short-term liquidity position to ensure it can meet its obligations as they come due.
Peer comparison
Oct 31, 2024