Avantor Inc (AVTR)
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 | 261,900 | 285,300 | 272,600 | 234,900 | 262,900 | 236,900 | 236,400 | 294,600 | 372,900 | 265,600 | 237,500 | 283,600 | 301,700 | 1,426,100 | 223,000 | 172,500 | 286,600 | 370,500 | 415,300 | 346,300 |
| Short-term investments | US$ in thousands | — | — | 14,900 | 18,000 | 16,600 | 28,500 | 28,800 | 19,700 | 26,200 | 25,600 | 5,100 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,034,500 | 1,087,700 | 1,129,000 | 1,129,700 | 1,150,200 | 1,150,300 | 1,216,000 | 1,277,200 | 1,218,400 | 1,231,400 | 1,269,600 | 1,345,400 | 1,222,100 | 1,184,700 | 1,268,800 | 1,201,500 | 1,113,300 | 1,036,900 | 983,700 | 1,041,100 |
| Total current liabilities | US$ in thousands | 2,007,500 | 1,629,800 | 1,464,600 | 1,441,900 | 1,480,300 | 1,488,100 | 1,550,100 | 1,669,500 | 1,658,800 | 1,551,900 | 1,571,300 | 1,447,100 | 1,450,800 | 1,320,100 | 1,377,700 | 1,240,700 | 1,242,700 | 1,136,000 | 1,053,700 | 1,126,600 |
| Quick ratio | 0.65 | 0.84 | 0.97 | 0.96 | 0.97 | 0.95 | 0.96 | 0.95 | 0.98 | 0.98 | 0.96 | 1.13 | 1.05 | 1.98 | 1.08 | 1.11 | 1.13 | 1.24 | 1.33 | 1.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($261,900K
+ $—K
+ $1,034,500K)
÷ $2,007,500K
= 0.65
The quick ratio of Avantor Inc has shown some fluctuations over the past years. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
The quick ratio has generally been above 1, indicating that Avantor Inc has had sufficient liquid assets to cover its current liabilities. However, the ratio started to decrease from June 2022 onwards, reaching a low of 0.65 by December 2024.
This downward trend in the quick ratio could be a cause for concern as it may indicate a potential liquidity strain for the company. Investors and stakeholders may need to closely monitor Avantor Inc's liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024