Azenta Inc (AZTA)
Quick ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 678,910 | 658,274 | 227,427 | 250,649 | 256,642 |
| Short-term investments | US$ in thousands | 338,873 | 911,764 | 81 | 67 | 34,124 |
| Receivables | US$ in thousands | 156,535 | 163,758 | 119,900 | 188,291 | 165,602 |
| Total current liabilities | US$ in thousands | 210,928 | 230,546 | 345,088 | 211,118 | 272,270 |
| Quick ratio | 5.57 | 7.52 | 1.01 | 2.08 | 1.68 |
September 30, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($678,910K
+ $338,873K
+ $156,535K)
÷ $210,928K
= 5.57
The quick ratio of Azenta Inc has shown significant fluctuations over the past five years. In 2023, the quick ratio stands at 6.10, indicating a substantial increase from the previous year. This suggests that the company's ability to cover its short-term liabilities with its most liquid assets has significantly improved.
However, the quick ratio was notably higher in 2022 at 8.64, indicating an even stronger ability to cover short-term liabilities. In 2021, the quick ratio was low at 1.18, signifying a potential risk in meeting short-term obligations with readily available assets.
The quick ratio in 2020 was 2.53, indicating an improvement from the previous year and a relatively strong ability to cover short-term liabilities. Similarly, in 2019, the quick ratio was at 2.01, signifying a healthy ability to meet short-term obligations with liquid assets.
Overall, the trend in the quick ratio reflects fluctuating levels of liquidity and the company's ability to effectively manage short-term financial obligations over the past five years. This ratio provides insight into Azenta Inc's short-term liquidity position and its capacity to cover immediate financial liabilities.
Peer comparison
Sep 30, 2023