Applied Industrial Technologies (AIT)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 388,417 | 352,842 | 303,441 | 538,520 | 460,617 | 456,533 | 412,855 | 360,415 | 344,036 | 182,127 | 165,538 | 147,575 | 184,474 | 188,084 | 154,843 | 247,313 | 257,745 | 304,016 | 288,775 | 271,060 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 769,699 | 754,638 | 696,239 | 691,512 | 737,526 | 725,320 | 659,196 | 694,922 | 708,395 | 705,638 | 654,510 | 674,136 | 656,429 | 618,079 | 520,134 | 530,824 | 516,322 | 510,080 | 444,200 | 447,032 |
| Total current liabilities | US$ in thousands | 526,151 | 474,190 | 429,440 | 478,300 | 501,100 | 468,406 | 449,126 | 466,558 | 540,344 | 480,592 | 447,205 | 451,263 | 499,627 | 464,356 | 399,855 | 466,827 | 427,700 | 465,746 | 425,867 | 414,051 |
| Quick ratio | 2.20 | 2.34 | 2.33 | 2.57 | 2.39 | 2.52 | 2.39 | 2.26 | 1.95 | 1.85 | 1.83 | 1.82 | 1.68 | 1.74 | 1.69 | 1.67 | 1.81 | 1.75 | 1.72 | 1.73 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($388,417K
+ $—K
+ $769,699K)
÷ $526,151K
= 2.20
The quick ratio of Applied Industrial Technologies has demonstrated a consistent upward trend over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ratio fluctuated modestly around 1.73 to 1.83 during the 2020-2022 timeframe, indicating a stable liquidity position whereby the company's quick assets slightly exceeded its current liabilities.
Starting from the second quarter of 2023, a notable acceleration in the ratio is observed, rising from approximately 1.85 to 2.52 by the end of the first quarter of 2024. This increase signifies a strengthening liquidity profile, suggesting that the company has improved its ability to meet short-term obligations using its most liquid assets.
The ratio sustained elevated levels into 2024, reaching a peak of 2.57 in September 2024 before experiencing a modest decrease to 2.33 by the end of that year. Throughout 2025, the quick ratio remained above 2.0, with minor fluctuations, indicating a robust liquidity cushion that exceeds two times the current liabilities at most points.
Overall, the trend reflects a positive liquidity trajectory for Applied Industrial Technologies, characterized by an increasing quick ratio that suggests enhanced liquidity management and a stronger position to cover immediate liabilities with readily available assets. The sustained high levels of the ratio imply prudent asset management and an optimistic outlook regarding liquidity resilience.