BWX Technologies Inc (BWXT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 74,109 | 75,766 | 35,244 | 33,891 | 42,610 |
| Short-term investments | US$ in thousands | — | 0 | 3,804 | 3,811 | 3,707 |
| Receivables | US$ in thousands | 152,311 | 86,519 | 60,782 | 70,663 | 153,368 |
| Total current liabilities | US$ in thousands | 474,201 | 375,046 | 367,860 | 459,615 | 529,727 |
| Quick ratio | 0.48 | 0.43 | 0.27 | 0.24 | 0.38 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($74,109K
+ $—K
+ $152,311K)
÷ $474,201K
= 0.48
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by dividing the sum of cash, cash equivalents, and accounts receivable by current liabilities.
For BWX Technologies Inc, the quick ratio has shown some fluctuations over the years. As of December 31, 2020, the quick ratio was 0.38, indicating that the company had $0.38 of liquid assets available to cover each dollar of current liabilities. This ratio decreased to 0.24 by December 31, 2021, suggesting a potential liquidity challenge.
However, the quick ratio improved slightly to 0.27 by December 31, 2022, indicating a better ability to meet short-term obligations. Subsequently, the ratio increased to 0.43 by December 31, 2023, signaling further improvement in the company's liquidity position.
By the end of December 31, 2024, the quick ratio reached 0.48, reflecting an even stronger liquidity position compared to previous years. Overall, while the quick ratio has displayed variability, the upward trend in recent years indicates that BWX Technologies Inc has been enhancing its ability to meet short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024