Brinks Company (BCO)
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 | 1,176,600 | 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 | 311,000 | 337,000 | 304,900 | 283,200 |
| Short-term investments | US$ in thousands | — | 19,700 | 19,600 | 15,100 | — | 7,200 | 12,800 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 796,300 | 801,300 | 851,000 | 876,900 | 888,500 | 787,700 | 824,600 | 771,100 | 720,200 | 728,200 | 716,700 | 689,300 | 702,600 | 708,000 | 695,000 | 643,300 | 661,300 | 653,100 | 678,300 | 641,000 |
| Total current liabilities | US$ in thousands | 1,944,100 | 1,624,600 | 1,619,500 | 1,602,600 | 1,674,800 | 1,347,900 | 1,371,800 | 1,364,500 | 1,429,000 | 1,404,000 | 1,330,800 | 1,266,800 | 1,336,200 | 1,166,400 | 1,072,700 | 980,600 | 1,002,000 | 888,600 | 888,800 | 845,400 |
| Quick ratio | 1.01 | 1.08 | 1.09 | 1.07 | 1.11 | 1.35 | 1.15 | 1.10 | 1.00 | 1.02 | 1.04 | 1.02 | 0.99 | 1.11 | 1.14 | 0.94 | 0.97 | 1.11 | 1.11 | 1.09 |
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 some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with highly liquid assets.
In Q4 2023, the quick ratio was 1.17, which indicates that the company had $1.17 in liquid assets for every $1 of current liabilities. This ratio decreased compared to the previous quarter, suggesting a potential weakening of the company's liquidity position.
Looking back at the trend, the quick ratio has been relatively stable around the 1.30 level for the past few quarters. This indicates that Brink`s Co. has generally maintained a strong ability to cover its short-term liabilities with its quick assets.
However, the sharp decline in the quick ratio in Q4 2023 may warrant further investigation into the company's liquidity management and potential impact on its financial stability. It is important for investors and stakeholders to monitor the quick ratio closely to assess Brink`s Co.`s ability to withstand short-term financial challenges.
Peer comparison
Dec 31, 2023