AGCO Corporation (AGCO)
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 | 612,700 | 622,600 | 657,300 | 2,455,800 | 595,500 | 680,700 | 463,500 | 558,700 | 789,500 | 607,000 | 580,600 | 655,700 | 889,100 | 537,000 | 500,200 | 453,700 | 1,119,100 | 511,000 | 404,400 | 386,700 |
| Short-term investments | US$ in thousands | 700 | — | — | — | — | — | — | — | — | — | — | — | — | 480,000 | 475,000 | 444,000 | 442,000 | 411,000 | — | — |
| Receivables | US$ in thousands | 1,267,400 | 1,448,400 | 1,465,900 | 1,542,200 | 1,605,300 | 1,643,900 | 1,706,400 | 1,530,700 | 1,221,300 | 1,175,900 | 1,149,300 | 1,108,200 | 991,500 | 1,056,600 | 1,099,000 | 1,048,200 | 856,000 | 990,100 | 903,300 | 825,000 |
| Total current liabilities | US$ in thousands | 3,826,000 | 4,280,100 | 4,363,500 | 4,213,200 | 4,343,600 | 4,119,100 | 4,302,500 | 3,984,300 | 4,088,000 | 3,617,900 | 3,630,500 | 3,435,200 | 3,454,600 | 3,549,200 | 3,619,300 | 3,414,600 | 3,362,800 | 2,857,500 | 2,607,700 | 2,562,100 |
| Quick ratio | 0.49 | 0.48 | 0.49 | 0.95 | 0.51 | 0.56 | 0.50 | 0.52 | 0.49 | 0.49 | 0.48 | 0.51 | 0.54 | 0.58 | 0.57 | 0.57 | 0.72 | 0.67 | 0.50 | 0.47 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($612,700K
+ $700K
+ $1,267,400K)
÷ $3,826,000K
= 0.49
The quick ratio of AGCO Corporation has shown fluctuations over the reported periods. The quick ratio measures the company's ability to cover its current liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
Based on the data provided:
- The quick ratio steadily increased from March 31, 2020, to December 31, 2021, reaching its highest point at 0.72.
- However, the quick ratio experienced a decrease in the first quarter of 2022 to 0.51.
- The ratio fluctuated between 0.48 and 0.56 between June 30, 2022, and September 30, 2023.
- Notably, the quick ratio saw a significant increase to 0.95 as of March 31, 2024, indicating a strengthened ability to cover short-term obligations.
- The ratio then reverted to 0.49 by December 31, 2024, remaining relatively stable compared to previous periods.
Overall, the quick ratio of AGCO Corporation exhibited volatility, with a mix of increases, decreases, and some stabilization throughout the analyzed period. This ratio provides insights into the company's short-term liquidity position and its ability to meet immediate financial obligations using its quick assets.
Peer comparison
Dec 31, 2024