Albany International Corporation (AIN)
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 | 115,283 | 127,222 | 116,439 | 125,412 | 173,420 | 171,506 | 300,916 | 304,258 | 291,776 | 276,482 | 320,870 | 307,415 | 302,036 | 286,217 | 253,330 | 237,871 | 241,316 | 215,304 | 204,037 | 222,680 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 226,366 | 218,721 | 224,636 | 211,990 | 248,679 | 242,797 | 181,115 | 184,691 | 211,316 | 189,537 | 188,160 | 178,067 | 208,166 | 181,501 | 175,588 | 166,962 | 190,863 | 178,909 | 177,202 | 175,621 |
| Quick ratio | 0.51 | 0.58 | 0.52 | 0.59 | 0.70 | 0.71 | 1.66 | 1.65 | 1.38 | 1.46 | 1.71 | 1.73 | 1.45 | 1.58 | 1.44 | 1.42 | 1.26 | 1.20 | 1.15 | 1.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($115,283K
+ $—K
+ $—K)
÷ $226,366K
= 0.51
The quick ratio of Albany International Corporation has shown some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to March 31, 2022, the quick ratio generally increased from 1.27 to a peak of 1.73, indicating an improvement in the company's ability to cover its current liabilities with its quick assets.
However, from September 30, 2022, to December 31, 2024, the quick ratio declined to 0.51, signifying a decrease in the company's ability to meet its short-term obligations with its readily available assets.
This downward trend in the quick ratio may raise concerns about the company's liquidity position and its ability to cover immediate financial obligations. Further analysis of Albany International Corporation's liquidity management may be warranted to understand the reasons behind the declining trend in the quick ratio.