Brunswick Corporation (BC)
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 | 269,000 | 284,100 | 510,700 | 559,500 | 467,800 | 330,900 | 477,500 | 387,800 | 595,600 | 457,400 | 578,600 | 680,100 | 354,500 | 1,486,400 | 590,200 | 471,900 | 519,600 | 650,400 | 541,500 | 502,900 |
| Short-term investments | US$ in thousands | 800 | 800 | 82,500 | 800 | 800 | 800 | 800 | 800 | 4,500 | 34,500 | 37,000 | 6,800 | 800 | 800 | 800 | 7,300 | 56,700 | 800 | 800 | 800 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 636,200 | 1,194,100 | 1,608,100 | 1,673,800 | 1,752,100 | 1,659,200 | 1,394,000 | 1,438,600 | 1,489,900 | 1,379,300 | 1,347,700 | 1,328,200 | 1,442,200 | 1,256,300 | 1,251,300 | 1,129,000 | 1,079,200 | 949,600 | 1,054,600 | 1,286,200 |
| Quick ratio | 0.42 | 0.24 | 0.37 | 0.33 | 0.27 | 0.20 | 0.34 | 0.27 | 0.40 | 0.36 | 0.46 | 0.52 | 0.25 | 1.18 | 0.47 | 0.42 | 0.53 | 0.69 | 0.51 | 0.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($269,000K
+ $800K
+ $—K)
÷ $636,200K
= 0.42
The quick ratio of Brunswick Corporation has shown fluctuations over the period analyzed. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1.0 suggests that the company may have difficulty meeting its short-term liabilities.
As per the data provided:
- The quick ratio was relatively low in the beginning, standing at 0.39 on March 31, 2020.
- It increased steadily and reached its peak at 1.18 on September 30, 2021, indicating a strong ability to cover short-term liabilities with quick assets.
- However, the ratio dropped significantly to 0.20 by September 30, 2023, signaling potential liquidity challenges.
- The quick ratio improved slightly towards the end of the period, reaching 0.42 by December 31, 2024.
Overall, fluctuations in the quick ratio suggest changes in the company's liquidity position and ability to meet short-term obligations. It is crucial for Brunswick Corporation to maintain a healthy quick ratio to ensure financial stability in the short term.
Peer comparison
Dec 31, 2024