Barnes Group Inc (B)
Quick ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 89,827 | 90,040 | 74,673 | 78,684 | 76,858 | 71,585 | 72,278 | 75,255 | 102,860 | 93,475 | 91,134 | 84,900 | 79,145 | 77,485 | 74,238 | 112,827 | 93,805 | 80,468 | 94,870 | 103,507 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 353,923 | 348,456 | 311,977 | 297,901 | 291,883 | 260,163 | 281,773 | 272,345 | 262,257 | 260,146 | 260,203 | 252,548 | 251,460 | 248,053 | 256,955 | 335,409 | 348,974 | 370,052 | 371,644 | 377,826 |
| Total current liabilities | US$ in thousands | 396,610 | 380,589 | 334,756 | 312,996 | 305,073 | 283,722 | 284,862 | 282,348 | 310,394 | 307,556 | 307,433 | 297,591 | 295,379 | 317,217 | 333,948 | 351,569 | 342,875 | 347,004 | 373,646 | 369,031 |
| Quick ratio | 1.12 | 1.15 | 1.16 | 1.20 | 1.21 | 1.17 | 1.24 | 1.23 | 1.18 | 1.15 | 1.14 | 1.13 | 1.12 | 1.03 | 0.99 | 1.27 | 1.29 | 1.30 | 1.25 | 1.30 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($89,827K
+ $—K
+ $353,923K)
÷ $396,610K
= 1.12
The quick ratio of Barnes Group Inc. has remained relatively stable over the past eight quarters, ranging from 1.37 to 1.53. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its short-term liabilities.
The trend over the quarters shows that Barnes Group Inc. has maintained a healthy level of liquidity, which suggests that the company is well-positioned to meet its short-term obligations without relying heavily on its current assets. This stability in the quick ratio reflects sound financial management and efficient use of resources.
Overall, the consistent quick ratio above 1.0 indicates that Barnes Group Inc. has a strong liquidity position, providing a cushion to weather any unforeseen financial challenges in the short term.
Peer comparison
Dec 31, 2023