Aecom Technology Corporation (ACM)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,580,880 | 1,644,810 | 1,185,810 | 1,192,260 | 1,260,210 | 1,257,730 | 1,073,520 | 1,160,350 | 1,172,210 | 1,010,720 | 965,070 | 1,082,390 | 1,229,200 | 1,049,030 | 934,906 | 1,044,750 | 1,708,330 | 1,331,270 | 1,135,060 | 725,436 |
| Short-term investments | US$ in thousands | — | 15,300 | 15,200 | 13,900 | 17,200 | 17,900 | 14,300 | 14,600 | 9,400 | — | — | — | — | 331,994 | 326,958 | 254,616 | 229,312 | — | — | — |
| Receivables | US$ in thousands | 3,649,100 | 3,365,470 | 3,278,220 | 3,112,120 | 3,075,390 | 3,076,420 | 2,959,510 | 3,005,290 | 2,897,290 | 2,988,550 | 3,014,540 | 3,155,600 | 3,228,050 | 3,248,340 | 3,367,320 | 3,486,660 | 3,425,720 | 3,451,680 | 2,950,360 | 2,895,650 |
| Total current liabilities | US$ in thousands | 6,374,080 | 6,289,640 | 6,136,120 | 6,002,490 | 5,850,280 | 5,714,780 | 5,537,260 | 5,557,720 | 5,404,170 | 5,464,940 | 5,283,480 | 5,513,460 | 5,521,720 | 5,680,030 | 5,601,900 | 6,001,600 | 6,090,450 | 5,751,670 | 5,987,540 | 6,461,460 |
| Quick ratio | 0.82 | 0.80 | 0.73 | 0.72 | 0.74 | 0.76 | 0.73 | 0.75 | 0.75 | 0.73 | 0.75 | 0.77 | 0.81 | 0.82 | 0.83 | 0.80 | 0.88 | 0.83 | 0.68 | 0.56 |
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 shown fluctuations over the past few quarters. The ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
Based on the data provided, Aecom's quick ratio has been relatively stable in recent quarters, ranging between 0.72 and 0.82. While the ratio has shown some variability, it has generally remained above 0.70, indicating that the company has been able to meet its short-term obligations using its quick assets.
It is important to note that a quick ratio of less than 1 may suggest a potential liquidity risk as the company may struggle to meet its immediate financial obligations. Aecom's quick ratio has mostly stayed above this threshold, which is a positive sign for the company's short-term liquidity position.
Overall, the trend in Aecom's quick ratio demonstrates a reasonable level of liquidity and ability to cover short-term liabilities with its quick assets, providing some assurance to stakeholders about the company's financial health in the near term.
Peer comparison
Sep 30, 2024