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.