Alamo Group Inc (ALG)
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 | 197,274 | 140,038 | 118,535 | 121,802 | 51,919 | 113,534 | 112,061 | 109,320 | 47,016 | 75,308 | 75,894 | 84,277 | 42,115 | 89,189 | 85,630 | 105,265 | 50,195 | 93,515 | 82,002 | 84,425 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 190,309 | 212,016 | 207,556 | 213,362 | 213,926 | 219,329 | 214,845 | 204,248 | 190,506 | 192,934 | 189,616 | 198,516 | 192,564 | 195,726 | 184,615 | 172,407 | 157,295 | 157,680 | 133,723 | 162,719 |
| Quick ratio | 1.04 | 0.66 | 0.57 | 0.57 | 0.24 | 0.52 | 0.52 | 0.54 | 0.25 | 0.39 | 0.40 | 0.42 | 0.22 | 0.46 | 0.46 | 0.61 | 0.32 | 0.59 | 0.61 | 0.52 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($197,274K
+ $—K
+ $—K)
÷ $190,309K
= 1.04
The quick ratio of Alamo Group Inc has fluctuated over the period from March 31, 2020, to December 31, 2024, ranging from a low of 0.22 to a high of 1.04. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory.
The quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations using only its liquid assets. Alamo Group Inc experienced a downward trend in quick ratio from December 31, 2021, to December 31, 2022, reaching its lowest point of 0.22, suggesting potential liquidity concerns during that period.
Subsequently, the quick ratio gradually improved, reaching 0.66 by September 30, 2024, and exceeding 1.0 by December 31, 2024, indicating that the company had sufficient liquid assets to cover its short-term liabilities comfortably.
Overall, the fluctuating quick ratio of Alamo Group Inc reflects changes in the company's liquidity position over the analyzed period, with improvements seen in the later quarters, signaling a strengthened ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024