Allegheny Technologies Incorporated (ATI)
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 | 721,200 | 406,600 | 425,600 | 394,400 | 743,900 | 432,900 | 267,100 | 196,200 | 584,000 | 329,100 | 274,000 | 316,700 | 687,700 | 1,006,800 | 472,500 | 541,700 | 645,900 | 572,200 | 539,100 | 639,000 |
| Short-term investments | US$ in thousands | — | — | — | 400 | 700 | 1,200 | 1,500 | 1,300 | 1,400 | 1,100 | 500 | 100 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,208,500 | 945,300 | 1,245,600 | 897,100 | 977,100 | 829,300 | 897,500 | 824,000 | 963,900 | 822,800 | 799,900 | 877,200 | 856,400 | 1,207,300 | 599,100 | 689,200 | 653,300 | 563,700 | 614,400 | 1,059,200 |
| Quick ratio | 0.60 | 0.43 | 0.34 | 0.44 | 0.76 | 0.52 | 0.30 | 0.24 | 0.61 | 0.40 | 0.34 | 0.36 | 0.80 | 0.83 | 0.79 | 0.79 | 0.99 | 1.02 | 0.88 | 0.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($721,200K
+ $—K
+ $—K)
÷ $1,208,500K
= 0.60
The quick ratio of Allegheny Technologies Incorporated has exhibited fluctuations over the past few years. The ratio was below 1 in the earlier periods, indicating that the company may have had challenges meeting its short-term liabilities with its most liquid assets. However, there was an improvement in the ratio in the later periods, with values around or slightly above 1, suggesting an enhanced ability to cover short-term obligations with its quick assets.
The ratio dropped notably in the first quarter of 2022 and continued to decline in subsequent periods, reaching a low point of 0.24 in March 31, 2023, which may raise concerns about the company's liquidity position at that time. The ratio then started to recover, indicating a potential improvement in the company's liquidity management.
Overall, fluctuations in the quick ratio of Allegheny Technologies suggest varying levels of liquidity risk and the need for ongoing monitoring and management of short-term liquidity needs.