AutoNation Inc (AN)
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 | 59,800 | 60,200 | 108,000 | 79,200 | 75,100 | 64,000 | 63,700 | 58,300 | 72,600 | 442,900 | 336,500 | 608,100 | 60,400 | 72,000 | 59,500 | 350,000 | 569,600 | 350,500 | 257,300 | 411,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,312,200 | 5,960,400 | 6,217,100 | 5,384,300 | 5,582,500 | 4,531,800 | 4,407,000 | 3,780,800 | 3,405,700 | 2,935,400 | 2,780,000 | 2,804,600 | 3,059,800 | 2,427,200 | 3,040,700 | 3,609,200 | 4,165,900 | 3,710,600 | 3,821,300 | 4,995,800 |
| Quick ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.15 | 0.12 | 0.22 | 0.02 | 0.03 | 0.02 | 0.10 | 0.14 | 0.09 | 0.07 | 0.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($59,800K
+ $—K
+ $—K)
÷ $6,312,200K
= 0.01
The quick ratio, a measure of a company's short-term liquidity and ability to cover its current liabilities with its most liquid assets, for AutoNation Inc has displayed varying trends over the years.
Between March 2020 and June 2021, the quick ratio remained low, indicating a potential liquidity challenge for the company. However, from December 2021 to September 2022, there was a significant improvement in the quick ratio, reaching its peak of 0.22 in March 2022, suggesting a stronger ability to meet short-term obligations.
Subsequently, the quick ratio fluctuated but generally stayed above 0.10 until June 2024, indicating a relatively stable liquidity position for AutoNation Inc. Overall, the company's quick ratio performance reflects fluctuations but overall improvement in liquidity over the analyzed period.
Peer comparison
Dec 31, 2024