Astec Industries Inc (ASTE)
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 | 88,300 | 55,300 | 63,200 | 58,100 | 59,800 | 73,800 | 44,500 | 42,500 | 62,800 | 20,800 | 50,600 | 111,700 | 134,400 | 164,600 | 174,500 | 164,600 | 158,600 | 108,500 | 119,800 | 43,900 |
| Short-term investments | US$ in thousands | 3,000 | 3,600 | 5,200 | 5,700 | 5,700 | 5,700 | 4,000 | 3,600 | 3,900 | 4,200 | 5,800 | 6,100 | 8,600 | 9,200 | 9,300 | 7,000 | 4,300 | 3,800 | 2,900 | 2,100 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 271,700 | 299,200 | 311,200 | 310,400 | 299,000 | 282,200 | 264,100 | 272,000 | 274,000 | 283,900 | 273,400 | 256,500 | 225,300 | 212,000 | 207,800 | 185,100 | 170,300 | 161,200 | 144,000 | 168,900 |
| Quick ratio | 0.34 | 0.20 | 0.22 | 0.21 | 0.22 | 0.28 | 0.18 | 0.17 | 0.24 | 0.09 | 0.21 | 0.46 | 0.63 | 0.82 | 0.88 | 0.93 | 0.96 | 0.70 | 0.85 | 0.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($88,300K
+ $3,000K
+ $—K)
÷ $271,700K
= 0.34
The quick ratio of Astec Industries Inc has shown fluctuations over the years, ranging from as low as 0.09 to as high as 0.96. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities without relying on selling inventory.
In the most recent periods, the quick ratio has declined, reaching 0.20 by September 30, 2024. This may indicate a potential liquidity challenge for the company, as its current assets may not be sufficient to cover its current liabilities. Investors and creditors typically prefer to see a quick ratio of at least 1 to ensure a company's short-term financial health. Astec Industries Inc may need to closely monitor its liquidity position and take steps to improve its short-term financial stability.
Peer comparison
Dec 31, 2024