The Andersons Inc (ANDE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 561,771 | 643,854 | 115,269 | 216,444 | 29,123 |
| Short-term investments | US$ in thousands | — | 9,968 | 8,759 | — | — |
| Receivables | US$ in thousands | 764,550 | 762,549 | 1,261,150 | 845,164 | 665,457 |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,636,330 | 2,521,320 | 2,463,930 | 1,931,680 |
| Quick ratio | 0.77 | 0.87 | 0.55 | 0.43 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($561,771K
+ $—K
+ $764,550K)
÷ $1,731,170K
= 0.77
The quick ratio of The Andersons Inc has shown an upward trend over the past five years, increasing from 0.36 in December 31, 2020 to 0.77 in December 31, 2024. This indicates an improvement in the company's ability to meet its short-term obligations using its most liquid assets.
The quick ratio measures the company's ability to cover immediate liabilities with its most liquid assets, excluding inventory. A quick ratio above 1 is generally considered healthy, as it suggests the company has enough liquid assets to cover its short-term liabilities.
Although the company's quick ratio has fluctuated over the years, the overall trend is positive, indicating that The Andersons Inc has been managing its short-term financial obligations more efficiently as reflected in its increasing quick ratio.
Peer comparison
Dec 31, 2024