BWX Technologies Inc (BWXT)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 75,766 | 50,201 | 33,861 | 42,051 | 35,244 | 51,400 | 67,404 | 23,635 | 33,891 | 69,381 | 190,752 | 57,677 | 42,610 | 44,662 | 61,584 | 77,627 | 86,540 | 13,641 | 34,444 | 22,976 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 3,847 | 3,804 | 3,820 | 3,777 | 3,789 | 3,811 | 3,820 | 3,300 | 3,827 | 3,707 | 3,699 | 3,710 | 3,694 | 5,843 | 3,618 | 3,614 | 3,601 |
| Receivables | US$ in thousands | 86,519 | 122,017 | 64,299 | 71,760 | 60,782 | 72,404 | 85,926 | 58,886 | 70,663 | 57,136 | 61,107 | 57,999 | 153,368 | 85,332 | 64,846 | 63,051 | 56,721 | 71,484 | 68,122 | 65,255 |
| Total current liabilities | US$ in thousands | 375,046 | 351,169 | 348,061 | 348,857 | 367,860 | 406,797 | 409,367 | 408,644 | 459,615 | 397,793 | 801,643 | 403,977 | 529,727 | 382,551 | 375,335 | 343,158 | 404,709 | 333,740 | 315,392 | 325,760 |
| Quick ratio | 0.43 | 0.49 | 0.28 | 0.34 | 0.27 | 0.31 | 0.38 | 0.21 | 0.24 | 0.33 | 0.32 | 0.30 | 0.38 | 0.35 | 0.35 | 0.42 | 0.37 | 0.27 | 0.34 | 0.28 |
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 been relatively stable over the past eight quarters, ranging from 1.93 to 2.49. A quick ratio above 1 indicates that the company has an acceptable level of liquidity to meet its short-term obligations without relying heavily on inventory sales.
The company's quick ratio has generally been above 2, reflecting a strong ability to cover its current liabilities with its most liquid assets. This implies that BWX Technologies Inc has a solid financial position and is well-positioned to meet its short-term obligations.
The slight fluctuations in the quick ratio over the quarters may be attributed to changes in the company's current assets and liabilities composition, but overall, the trend indicates a consistent and healthy liquidity position. Investors and stakeholders can be assured that BWX Technologies Inc has the liquidity needed to support its operations and financial obligations in the short term.
Peer comparison
Dec 31, 2023