Air Products and Chemicals Inc (APD)

Quick ratio

		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	Dec 31, 2019
Cash	US$ in thousands	2,979,700	2,375,700	2,535,000	1,962,600	1,617,000	1,637,700	2,242,400	3,131,000	2,711,000	2,957,400	2,348,700	2,953,700	4,468,900	4,291,600	5,786,300	5,788,000	5,253,000	3,921,400	2,220,100	2,406,100
Short-term investments	US$ in thousands	5,000	61,800	102,800	271,800	332,200	268,700	271,300	19,600	590,700	357,600	848,900	728,600	1,331,900	1,524,900	409,200	412,000	1,104,900	2,515,700	0	0
Receivables	US$ in thousands	2,017,500	1,712,200	1,715,800	1,725,400	1,960,000	1,934,200	1,884,700	1,937,200	1,849,400	1,838,600	1,913,200	1,823,800	1,541,300	1,539,300	1,498,900	1,524,700	1,369,800	1,689,700	1,604,400	1,288,600
Total current liabilities	US$ in thousands	4,179,600	4,474,500	4,061,000	3,119,200	3,895,800	3,947,700	2,797,900	3,276,900	3,465,800	3,406,900	3,205,100	2,630,100	2,799,100	2,697,100	3,017,400	2,985,900	2,416,700	2,591,000	1,806,900	1,819,000
Quick ratio		1.20	0.93	1.07	1.27	1.00	0.97	1.57	1.55	1.49	1.51	1.59	2.09	2.62	2.73	2.55	2.59	3.20	3.14	2.12	2.03

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,979,700K + $5,000K + $2,017,500K) ÷ $4,179,600K
= 1.20

The quick ratio of Air Products and Chemicals Inc has varied over time. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

Analyzing the trend in the quick ratio, we can see fluctuations in the company's liquidity position. In recent quarters, the quick ratio has been within a range of 0.93 to 1.27, indicating that the company may have had some challenges in meeting its short-term obligations with its quick assets.

It is also notable that the quick ratio has shown some volatility over the periods, with fluctuations from as low as 0.93 to as high as 3.20. This may suggest changes in the company's liquidity position and ability to cover its short-term liabilities effectively.

Overall, the quick ratio of Air Products and Chemicals Inc has shown some variability over time, which may indicate fluctuations in its ability to quickly cover its short-term obligations with its readily available assets. Further analysis of the company's financial statements and industry benchmarks may provide more insights into its liquidity management.