Ametek Inc (AME)
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 | 409,804 | 841,901 | 605,587 | 399,873 | 345,386 | 309,944 | 348,653 | 340,304 | 346,772 | 358,676 | 390,644 | 1,123,660 | 1,212,820 | 1,304,840 | 1,130,980 | 1,253,380 | 393,030 | 735,376 | 567,912 | 368,065 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 325,463 | 322,157 | 297,152 | 292,625 | 281,837 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,012,930 | 936,803 | 936,909 | 901,506 | 919,335 | 876,460 | 885,080 | 854,500 | 829,213 | 768,386 | 754,045 | 678,467 | 597,472 | 614,773 | 620,160 | 712,200 | 744,760 | 761,961 | 757,522 | 763,156 |
| Total current liabilities | US$ in thousands | 2,882,570 | 1,673,720 | 1,341,190 | 1,452,670 | 1,564,200 | 1,591,380 | 1,633,030 | 1,590,740 | 1,563,310 | 1,633,830 | 1,857,630 | 1,138,460 | 1,075,920 | 1,403,490 | 1,017,450 | 1,477,670 | 1,425,860 | 1,110,520 | 978,558 | 1,007,230 |
| Quick ratio | 0.49 | 1.06 | 1.15 | 0.90 | 0.81 | 0.75 | 0.76 | 0.75 | 0.75 | 0.89 | 0.79 | 1.84 | 1.95 | 1.57 | 1.72 | 1.33 | 0.80 | 1.35 | 1.35 | 1.12 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($409,804K
+ $—K
+ $1,012,930K)
÷ $2,882,570K
= 0.49
The quick ratio of Ametek Inc has shown fluctuations over the past eight quarters, ranging from as low as 0.59 to as high as 1.34. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In Q4 2023, the quick ratio decreased to 0.59, indicating a significant decline in the company's ability to cover its current liabilities with its quick assets. This may suggest potential liquidity challenges or a higher reliance on inventory to meet short-term obligations.
Conversely, in Q2 2023, the quick ratio improved to 1.34, reflecting a strong ability to fulfill short-term liabilities with liquid assets. This could signal efficient management of working capital and a reduced risk of liquidity problems.
Overall, the trend in Ametek Inc's quick ratio shows variability in its liquidity position, highlighting the importance of monitoring changes in the company's ability to meet short-term obligations with readily available assets.
Peer comparison
Dec 31, 2023