Badger Meter Inc (BMI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 295,305 | 191,782 | 138,052 | 87,174 | 72,273 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 118,205 | 131,948 | 110,312 | 82,146 | 65,199 |
| Quick ratio | 2.50 | 1.45 | 1.25 | 1.06 | 1.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($295,305K
+ $—K
+ $—K)
÷ $118,205K
= 2.50
The quick ratio of Badger Meter Inc has shown a fluctuating trend over the past five years, with a gradual increase from 2020 to 2024. The ratio was 1.11 in 2020, indicating that the company had $1.11 of liquid assets available to cover each dollar of current liabilities.
In 2021, the quick ratio decreased slightly to 1.06, suggesting a slight decrease in the company's ability to cover its short-term obligations with liquid assets.
However, there was a notable improvement in the quick ratio in 2022, which increased to 1.25, indicating an enhanced ability to meet short-term liabilities with readily available assets.
This positive trend continued in 2023, with the quick ratio further improving to 1.45, indicating a strengthening liquidity position for the company.
The most significant increase was observed in 2024, where the quick ratio surged to 2.50, signaling a substantial improvement in the company's ability to cover short-term liabilities with liquid assets.
Overall, the increasing trend in the quick ratio of Badger Meter Inc over the five-year period indicates an improving liquidity position and suggests that the company is effectively managing its short-term obligations and has a sufficient level of liquid assets to support its operations.
Peer comparison
Dec 31, 2024