AptarGroup Inc (ATR)

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 223,844 325,524 221,492 199,834 223,643 151,573 120,983 126,810 141,732 124,812 240,474 355,629 122,925 114,557 291,495 254,852 300,137 226,546 247,656 410,840
Short-term investments US$ in thousands 2,337 2,387 2,399 1,223 0 — 21 — 0 0 0 717 740 319 0 0 243 46,995 — —
Receivables US$ in thousands 658,100 698,989 737,764 724,015 677,800 717,484 718,619 695,118 677,000 690,818 703,000 694,373 671,000 662,112 635,847 621,093 567,000 593,000 575,655 602,027
Total current liabilities US$ in thousands 1,068,280 1,026,650 1,168,110 1,196,140 1,251,310 1,231,640 1,029,780 1,041,160 917,176 896,652 822,032 861,493 982,492 908,368 782,566 755,929 780,329 787,121 829,767 891,298
Quick ratio 0.83 1.00 0.82 0.77 0.72 0.71 0.82 0.79 0.89 0.91 1.15 1.22 0.81 0.86 1.19 1.16 1.11 1.10 0.99 1.14

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($223,844K + $2,337K + $658,100K) ÷ $1,068,280K
= 0.83

The quick ratio of AptarGroup Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.

The quick ratio ranged from a low of 0.71 on September 30, 2023, to a high of 1.22 on March 31, 2022, indicating some variability in the company's liquidity position over time. Notably, the quick ratio was consistently above 1 from March 31, 2022, to September 30, 2023, indicating a healthy liquidity position during this period.

However, the quick ratio dropped below 1 in the latter part of the period, reaching a low of 0.72 on December 31, 2023, and staying below 1 until September 30, 2024. This could suggest a potential liquidity challenge for AptarGroup Inc during those quarters.

Overall, while the quick ratio fluctuated, it is essential for investors and stakeholders to monitor these trends to assess the company's ability to meet its short-term obligations and manage liquidity effectively.