Badger Meter Inc (BMI)
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 | 295,305 | 258,955 | 226,212 | 199,310 | 191,782 | 162,910 | 141,805 | 128,361 | 138,052 | 114,787 | 100,210 | 89,219 | 87,174 | 67,038 | 57,359 | 51,402 | 72,273 | 93,901 | 85,201 | 70,376 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 118,205 | 129,163 | 138,119 | 135,094 | 131,948 | 128,782 | 118,914 | 115,786 | 110,312 | 101,785 | 97,335 | 88,509 | 82,146 | 75,855 | 72,309 | 71,766 | 65,199 | 60,192 | 62,701 | 60,456 |
| Quick ratio | 2.50 | 2.00 | 1.64 | 1.48 | 1.45 | 1.27 | 1.19 | 1.11 | 1.25 | 1.13 | 1.03 | 1.01 | 1.06 | 0.88 | 0.79 | 0.72 | 1.11 | 1.56 | 1.36 | 1.16 |
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 fluctuations over the periods provided in the data. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has more than enough liquid assets to cover its short-term liabilities.
As per the data, the company's quick ratio was relatively stable and healthy, ranging from 1.16 to 1.56 throughout 2020 and 2021, indicating a strong ability to cover its short-term obligations using its liquid assets. The ratio saw a slight dip in the first quarter of 2021 to 0.72, which could be a point of concern as it fell below 1. However, the company quickly improved this ratio over the next few quarters.
In 2022 and 2023, the quick ratio fluctuated between 1.01 and 1.64, showing some variability but generally remaining above 1, which is considered a positive sign. The ratio peaked at 2.50 by the end of 2024, indicating a significant increase in the company's ability to cover its short-term obligations with liquid assets.
Overall, the trend in Badger Meter Inc's quick ratio demonstrates a strong liquidity position, with the company consistently maintaining a ratio above 1 during the periods covered in the data. A quick ratio above 1 generally suggests that the company is capable of meeting its short-term liabilities without experiencing financial distress.
Peer comparison
Dec 31, 2024