Balchem Corporation (BCPC)
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 | 49,515 | 73,694 | 63,738 | 60,349 | 64,447 | 76,952 | 66,856 | 60,199 | 66,560 | 56,489 | 76,183 | 64,466 | 103,239 | 90,013 | 79,902 | 88,535 | 84,571 | 78,967 | 76,407 | 73,959 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 730 | 1,406 | 1,612 | 1,048 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 157,685 | 109,439 | 113,322 | 124,425 | 148,491 | 108,038 | 114,386 | 116,523 | 140,042 | 142,085 | 144,143 | 123,529 | 143,802 | 104,926 | 100,759 | 88,763 | 94,428 | 68,413 | 67,960 | 71,720 |
| Quick ratio | 0.31 | 0.67 | 0.56 | 0.49 | 0.43 | 0.71 | 0.58 | 0.52 | 0.49 | 0.41 | 0.54 | 0.52 | 0.72 | 0.86 | 0.79 | 1.00 | 0.90 | 1.15 | 1.12 | 1.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($49,515K
+ $—K
+ $—K)
÷ $157,685K
= 0.31
The quick ratio of Balchem Corporation has displayed some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2021, the quick ratio stayed above 1, indicating that the company had an excess of quick assets to cover its current liabilities. However, there was a notable decline in the quick ratio from September 2021 to December 2024, dropping to as low as 0.31 by the end of December 2024.
This declining trend in the quick ratio signals potential liquidity challenges for Balchem Corporation. A quick ratio below 1 may indicate that the company may have difficulty meeting its short-term obligations using only its liquid assets. Further analysis of the company's cash management and working capital practices may be necessary to address this issue and improve its liquidity position.
Peer comparison
Dec 31, 2024