BWX Technologies Inc (BWXT)
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 | 74,109 | 35,522 | 48,341 | 45,895 | 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 |
| Short-term investments | US$ in thousands | — | -3,480 | — | — | 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 |
| Receivables | US$ in thousands | 152,311 | 106,161 | 106,822 | 97,866 | 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 |
| Total current liabilities | US$ in thousands | 474,201 | 437,466 | 408,580 | 386,825 | 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 |
| Quick ratio | 0.48 | 0.32 | 0.38 | 0.37 | 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 |
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. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term liabilities.
Looking at the quick ratio of BWX Technologies Inc over the past few years, we can see fluctuations in the ratio from 0.21 to 0.49. It started at a low of 0.21 on March 31, 2022, indicating potential liquidity issues. The ratio improved to 0.49 on September 30, 2023, reflecting a stronger ability to cover short-term obligations.
However, the quick ratio decreased to 0.32 on September 30, 2024, before increasing to 0.48 on December 31, 2024. This suggests some variability in the company's ability to quickly cover its short-term liabilities.
Overall, the trending quick ratio for BWX Technologies Inc over the periods indicates fluctuations in liquidity position, which may require further analysis to understand the underlying reasons behind these changes and their potential impact on the company's financial health.
Peer comparison
Dec 31, 2024