Armstrong World Industries Inc (AWI)
Quick ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 79,300 | 73,700 | 69,600 | 70,800 | 96,600 | 101,600 | 96,000 | 106,000 | 86,800 | 79,300 | 76,100 | 98,100 | 94,300 | 119,000 | 121,600 | 136,900 | 138,800 | 117,100 | 146,900 | 45,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 134,400 | 130,900 | 125,400 | 111,000 | 116,700 | 117,000 | 121,900 | 112,400 | 119,400 | 130,000 | 114,100 | 109,100 | 102,900 | 92,900 | 91,300 | 78,300 | 90,100 | 106,800 | 96,900 | 85,100 |
| Total current liabilities | US$ in thousands | 249,700 | 218,400 | 184,400 | 194,500 | 185,800 | 176,800 | 166,300 | 182,700 | 212,400 | 207,200 | 192,800 | 209,600 | 194,300 | 177,600 | 156,200 | 172,300 | 132,300 | 156,900 | 169,800 | 155,200 |
| Quick ratio | 0.86 | 0.94 | 1.06 | 0.93 | 1.15 | 1.24 | 1.31 | 1.20 | 0.97 | 1.01 | 0.99 | 0.99 | 1.01 | 1.19 | 1.36 | 1.25 | 1.73 | 1.43 | 1.44 | 0.84 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($79,300K
+ $—K
+ $134,400K)
÷ $249,700K
= 0.86
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term liabilities with its most liquid assets.
Analyzing Armstrong World Industries Inc's quick ratio data from December 2019 to December 2024 reveals fluctuations over time.
The company's quick ratio fluctuated between 0.84 to 1.73 during this period. Notably, the quick ratio peaked at 1.73 on September 30, 2020, indicating the company had more than enough liquid assets to cover its current liabilities.
However, the quick ratio dropped below 1 multiple times, indicating potential liquidity concerns. For example, the quick ratio declined to 0.86 by December 31, 2024, suggesting a potential risk in meeting short-term obligations with readily available assets.
Overall, monitoring Armstrong World Industries Inc's quick ratio trends is essential for assessing the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024