AdvanSix Inc (ASIX)
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 | 19,564 | 17,298 | 12,105 | 20,633 | 29,768 | 22,110 | 10,536 | 1,826 | 30,985 | 24,694 | 17,297 | 19,306 | 15,100 | 7,239 | 4,251 | 14,124 | 10,606 | 16,686 | 72,663 | 30,754 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 357,103 | 295,142 | 272,954 | 284,122 | 358,918 | 307,954 | 300,143 | 314,960 | 393,492 | 350,656 | 356,344 | 307,252 | 309,822 | 306,140 | 269,105 | 259,482 | 287,037 | 253,162 | 226,324 | 268,680 |
| Quick ratio | 0.05 | 0.06 | 0.04 | 0.07 | 0.08 | 0.07 | 0.04 | 0.01 | 0.08 | 0.07 | 0.05 | 0.06 | 0.05 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 | 0.32 | 0.11 |
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 represents its ability to meet its short-term obligations with its most liquid assets. The trend analysis of the quick ratio shows fluctuations over the provided time periods.
- The quick ratio was at its lowest in March 2020 at 0.11, indicating a challenging liquidity position at that time.
- There was an improvement seen in June 2020, with the quick ratio increasing to 0.32, suggesting better short-term liquidity.
- However, the quick ratio dropped significantly to 0.07 in September 2020, raising concerns about the company's ability to cover its immediate liabilities.
- The ratio further decreased to 0.04 by December 2020, indicating a continued strain on short-term liquidity.
- There was a slight improvement in the quick ratio to 0.05 in March 2021, but it remained relatively low.
- The ratio decreased to 0.02 in both June and September 2021, reflecting ongoing challenges in meeting short-term obligations.
- By December 2021, there was a modest increase in the quick ratio to 0.05, signaling a slight improvement in liquidity.
- The quick ratio continued to fluctuate around the range of 0.05 to 0.08 in the following periods up to December 2024, indicating varying degrees of ability to cover short-term liabilities.
Overall, the trend analysis of AdvanSix Inc's quick ratio suggests fluctuations in the company's short-term liquidity position over the analyzed periods. Management should focus on maintaining adequate levels of liquid assets to meet its current liabilities efficiently.
Peer comparison
Dec 31, 2024