Brinks Company (BCO)
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 | 1,395,300 | 1,226,300 | 1,618,000 | 1,122,700 | 1,683,600 | 933,500 | 890,100 | 816,600 | 972,000 | 1,019,000 | 743,300 | 733,000 | 710,300 | 700,800 | 661,600 | 598,100 | 620,900 | 592,400 | 531,300 | 274,400 |
| Short-term investments | US$ in thousands | — | 412,500 | 15,800 | 15,800 | — | 19,700 | 19,600 | 15,100 | — | 7,200 | 12,800 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,802,200 | 1,793,400 | 1,991,500 | 1,944,100 | 1,624,600 | 1,180,900 | 1,234,400 | 1,315,900 | 1,347,900 | 1,371,800 | 1,364,500 | 1,088,500 | 1,092,000 | 1,330,800 | 972,700 | 985,200 | 1,166,400 | 1,072,700 | 716,100 |
| Quick ratio | 0.73 | 0.91 | 0.91 | 0.57 | 0.87 | 0.59 | 0.77 | 0.67 | 0.74 | 0.76 | 0.55 | 0.54 | 0.65 | 0.64 | 0.50 | 0.61 | 0.63 | 0.51 | 0.50 | 0.38 |
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 years based on the provided data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From March 31, 2020, to December 31, 2024, the quick ratio varied between 0.38 and 0.91. The lowest quick ratio was observed on March 31, 2020, at 0.38, indicating a potential liquidity issue as the company might struggle to cover its current liabilities with its quick assets. However, this improved gradually over the years, reaching a peak of 0.91 on June 30, 2024, which suggests an enhancement in the company's liquidity position.
There were fluctuations throughout the period, with some quarters showing notable increases or decreases. Overall, the quick ratio trended upward from 0.38 in March 2020 to 0.91 in June 2024, indicating a positive liquidity trend over the analyzed period.
It's essential for investors and stakeholders to monitor the quick ratio regularly to assess Brinks Company's short-term liquidity position and its ability to meet immediate financial obligations without relying heavily on inventory.
Peer comparison
Dec 31, 2024