Topbuild Corp (BLD)
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 | 400,318 | 257,342 | 463,221 | 968,809 | 848,565 | 615,612 | 526,327 | 333,778 | 240,069 | 159,384 | 123,869 | 126,553 | 139,779 | 327,906 | 261,739 | 319,619 | 330,007 | 315,338 | 258,837 | 187,039 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 751,612 | 827,776 | 859,725 | 829,221 | 799,009 | 870,890 | 857,664 | 833,959 | 836,071 | 815,633 | 773,744 | 735,452 | 668,419 | 516,941 | 491,625 | 462,848 | 427,340 | 436,548 | 423,000 | 431,649 |
| Total current liabilities | US$ in thousands | 767,182 | 756,140 | 752,249 | 784,365 | 771,538 | 753,670 | 758,343 | 751,243 | 789,639 | 788,581 | 801,693 | 777,921 | 733,426 | 584,798 | 543,236 | 514,284 | 496,477 | 485,146 | 471,525 | 471,083 |
| Quick ratio | 1.50 | 1.44 | 1.76 | 2.29 | 2.14 | 1.97 | 1.83 | 1.55 | 1.36 | 1.24 | 1.12 | 1.11 | 1.10 | 1.44 | 1.39 | 1.52 | 1.53 | 1.55 | 1.45 | 1.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($400,318K
+ $—K
+ $751,612K)
÷ $767,182K
= 1.50
The quick ratio of Topbuild Corp has shown some fluctuations over the past few years. It started at a healthy level of 1.31 as of March 31, 2020, indicating that the company had $1.31 in liquid assets available to cover each $1 of current liabilities.
The ratio then trended upwards, reaching a peak of 2.29 as of March 31, 2024, suggesting an improvement in the company's ability to meet short-term obligations with its most liquid assets. However, the quick ratio dropped to 1.44 as of September 30, 2024, which may indicate a slight decrease in liquidity compared to the previous periods.
Overall, the trend in Topbuild Corp's quick ratio shows fluctuations but generally suggests that the company has maintained a healthy level of liquidity to cover its short-term liabilities, with some variations over the years.