Aecom Technology Corporation (ACM)
Quick ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,580,880 | 1,260,210 | 1,172,210 | 1,229,200 | 1,708,330 |
| Short-term investments | US$ in thousands | — | 17,200 | 9,400 | — | 229,312 |
| Receivables | US$ in thousands | 3,649,100 | 3,075,390 | 2,897,290 | 3,228,050 | 3,425,720 |
| Total current liabilities | US$ in thousands | 6,374,080 | 5,850,280 | 5,404,170 | 5,521,720 | 6,090,450 |
| Quick ratio | 0.82 | 0.74 | 0.75 | 0.81 | 0.88 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,580,880K
+ $—K
+ $3,649,100K)
÷ $6,374,080K
= 0.82
The quick ratio of Aecom Technology Corporation has exhibited a fluctuating trend over the past five years. The ratio has decreased from 0.88 in 2020 to 0.82 in 2024, with intermittent fluctuations in between. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has slightly weakened over this period.
A quick ratio below 1.0 suggests that Aecom may face challenges in meeting its immediate financial obligations using its current liquid assets alone. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this ratio.
Overall, Aecom's quick ratio trend indicates a need for closer monitoring of its liquidity position to ensure that it can effectively manage its short-term financial obligations.
Peer comparison
Sep 30, 2024