AdvanSix Inc (ASIX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 19,564 | 29,768 | 30,985 | 15,100 | 10,606 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 357,103 | 358,918 | 393,492 | 309,822 | 287,037 |
| Quick ratio | 0.05 | 0.08 | 0.08 | 0.05 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,564K
+ $—K
+ $—K)
÷ $357,103K
= 0.05
The quick ratio of AdvanSix Inc, a measure of its ability to meet short-term obligations with its most liquid assets, has shown a fluctuating trend over the years. As of December 31, 2020, the quick ratio was 0.04, indicating a relatively low level of liquidity. However, by December 31, 2022, and December 31, 2023, the quick ratio improved to 0.08, suggesting an enhanced ability to cover immediate liabilities with liquid assets.
Despite this improvement, the quick ratio declined slightly to 0.05 by the end of December 31, 2024. This decrease could potentially raise concerns about the company's short-term liquidity position. It is essential for AdvanSix Inc to monitor and manage its liquidity effectively to ensure it can meet its short-term obligations without facing financial strain.
Peer comparison
Dec 31, 2024