The Andersons Inc (ANDE)
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 | 561,771 | 454,065 | 530,386 | 283,902 | 643,854 | 418,055 | 96,293 | 70,853 | 115,269 | 140,771 | 86,035 | 36,381 | 216,444 | 216,874 | 27,538 | 35,393 | 29,123 | 13,693 | 30,011 | 19,693 |
| Short-term investments | US$ in thousands | — | — | 9,961 | 10,281 | 9,968 | 12,026 | 11,107 | 8,265 | 8,759 | 6,925 | 3,276 | 805 | — | — | 3,849 | 6,622 | — | 25,368 | — | — |
| Receivables | US$ in thousands | 764,550 | 756,618 | 743,550 | 701,706 | 762,549 | 816,686 | 1,030,270 | 1,135,420 | 1,261,150 | 1,002,550 | 1,158,730 | 1,068,800 | 845,164 | 748,872 | 733,410 | 711,569 | 665,457 | 536,768 | 544,343 | 546,257 |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,177,870 | 1,084,730 | 1,083,280 | 1,636,330 | 1,407,630 | 1,393,240 | 2,112,310 | 2,521,320 | 2,320,510 | 2,577,580 | 3,062,770 | 2,463,930 | 1,723,160 | 1,690,560 | 1,918,120 | 1,931,680 | 1,096,540 | 926,782 | 1,385,490 |
| Quick ratio | 0.77 | 1.03 | 1.18 | 0.92 | 0.87 | 0.89 | 0.82 | 0.57 | 0.55 | 0.50 | 0.48 | 0.36 | 0.43 | 0.56 | 0.45 | 0.39 | 0.36 | 0.53 | 0.62 | 0.41 |
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 fluctuations over the past few years. It started at a low of 0.41 on March 31, 2020, indicating that the company had limited liquid assets to cover its current liabilities. This metric improved to 0.62 by June 30, 2020 before decreasing to 0.36 by December 31, 2020, signaling potential liquidity concerns.
Subsequently, the quick ratio increased to 0.45 by June 30, 2021 and then to 0.56 by September 30, 2021, suggesting an improvement in the company's ability to meet its short-term obligations. However, it dipped to 0.43 by December 31, 2021, reflecting a slight weakening in liquidity.
The trend reversed positively as the quick ratio rose to 0.50 by September 30, 2022, and further increased to 0.82 by June 30, 2023, indicating a significant boost in liquid assets relative to current liabilities. This positive trend continued with ratios of 0.89, 0.87, and 0.92 in subsequent quarters, reaching a peak of 1.18 on June 30, 2024, portraying a strong liquidity position.
The quick ratio of The Andersons Inc remained relatively high at 1.03 on September 30, 2024, before decreasing to 0.77 by December 31, 2024. Overall, the company's quick ratio fluctuated significantly but generally trended upwards from 2020 to 2024, reflecting varying levels of liquidity and the ability to cover short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024