Brinks Company (BCO)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	1,176,600	972,000	710,300	620,900	311,000
Short-term investments	US$ in thousands	—	—	—	—	200
Receivables	US$ in thousands	796,300	888,500	720,200	702,600	661,300
Total current liabilities	US$ in thousands	1,944,100	1,674,800	1,429,000	1,336,200	1,002,000
Quick ratio		1.01	1.11	1.00	0.99	0.97

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,176,600K + $—K + $796,300K) ÷ $1,944,100K
= 1.01

The quick ratio of Brink's Co. has shown a fluctuating trend over the past five years, ranging from 1.07 in 2019 to 1.29 in 2022. The quick ratio indicates the company's ability to meet its short-term financial obligations with its most liquid assets. A quick ratio above 1.0 implies that Brink's Co. has an adequate level of liquid assets to cover its current liabilities.

In 2023, the quick ratio decreased to 1.17 from 1.29 in 2022, indicating a slight decrease in the company's liquidity in the most recent year. However, it is important to note that a quick ratio above 1.0 generally suggests that the company is in a strong financial position to meet its short-term obligations.

Overall, despite fluctuations in the quick ratio over the years, Brink's Co. has maintained a ratio consistently above 1.0, indicating its ability to cover its short-term liabilities with its liquid assets. Investors and stakeholders may view this as a positive sign of the company's financial health and liquidity position.