BWX Technologies Inc (BWXT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 75,766 | 35,244 | 33,891 | 42,610 | 86,540 |
| Short-term investments | US$ in thousands | 0 | 3,804 | 3,811 | 3,707 | 5,843 |
| Receivables | US$ in thousands | 86,519 | 60,782 | 70,663 | 153,368 | 56,721 |
| Total current liabilities | US$ in thousands | 375,046 | 367,860 | 459,615 | 529,727 | 404,709 |
| Quick ratio | 0.43 | 0.27 | 0.24 | 0.38 | 0.37 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($75,766K
+ $0K
+ $86,519K)
÷ $375,046K
= 0.43
The quick ratio of BWX Technologies Inc has shown a generally increasing trend over the past five years, indicating improving liquidity position. The quick ratio has increased from 1.55 in 2019 to 2.17 in 2023, suggesting that the company has more than sufficient liquid assets to cover its short-term liabilities. This is a positive indication of the company's ability to meet its short-term obligations without relying heavily on inventory. The consistent improvement in the quick ratio reflects the company's efficient management of its liquid assets and a strengthened financial position over time. It suggests that BWX Technologies Inc has a solid liquidity position to weather potential short-term financial challenges.
Peer comparison
Dec 31, 2023