Brinks Company (BCO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,395,300 | 1,176,600 | 972,000 | 710,300 | 620,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,944,100 | 1,315,900 | 1,088,500 | 985,200 |
| Quick ratio | 0.73 | 0.61 | 0.74 | 0.65 | 0.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,395,300K
+ $—K
+ $—K)
÷ $1,898,400K
= 0.73
The quick ratio of Brinks Company has shown some fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.63, indicating that the company had $0.63 in liquid assets available to cover each dollar of current liabilities. Over the subsequent years, the quick ratio increased to 0.65 by December 31, 2021 and further to 0.74 by December 31, 2022, suggesting an improvement in the company's short-term liquidity position.
However, by December 31, 2023, the quick ratio decreased to 0.61, which may raise concerns about the company's ability to meet its short-term obligations using its most liquid assets. Nonetheless, Brinks Company managed to strengthen its liquidity position again by the end of December 2024, with a quick ratio of 0.73.
Overall, the trend in the quick ratio of Brinks Company indicates some variability in its ability to meet its short-term obligations with readily available liquid assets. It is essential for stakeholders to closely monitor changes in the quick ratio to assess the company's liquidity risk and financial health accurately.
Peer comparison
Dec 31, 2024