Aecom Technology Corporation (ACM)
Quick ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 885,639 | 793,567 | 666,105 |
| Short-term investments | US$ in thousands | — | — | 17,900 | 14,300 | 14,600 | 9,400 | — | — | — | — | 331,994 | 326,958 | 254,616 | 229,312 | — | — | — | 194,715 | 391,520 | 160,773 |
| Receivables | US$ in thousands | 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 | 3,517,070 | 3,415,990 | 3,285,940 |
| Total current liabilities | US$ in thousands | 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 | 6,461,750 | 5,940,700 | 5,890,190 |
| Quick ratio | 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 | 0.71 | 0.77 | 0.70 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,192,260K
+ $—K
+ $3,112,120K)
÷ $6,002,490K
= 0.72
The quick ratio of AECOM has been relatively stable over the past eight quarters, ranging from 1.03 to 1.08. This indicates that the company has consistently maintained a strong ability to cover its short-term liabilities with its most liquid assets, such as cash and accounts receivable. A quick ratio above 1.0 suggests that AECOM has an adequate level of liquid assets to meet its short-term obligations, providing a cushion against potential financial risks. The slight fluctuations in the quick ratio from quarter to quarter are normal and do not raise immediate concerns about the company's liquidity position. Overall, AECOM appears to have a healthy liquidity profile based on its quick ratio performance over the analyzed period.
Peer comparison
Dec 31, 2023