Core Laboratories NV (CLB)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 19,157 | 21,474 | 17,695 | 14,913 |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | 127,355 | 132,375 | 130,731 | 129,535 |
| Total current liabilities | US$ in thousands | 97,586 | 94,938 | 97,598 | 85,468 |
| Quick ratio | 1.50 | 1.62 | 1.52 | 1.69 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,157K
+ $—K
+ $127,355K)
÷ $97,586K
= 1.50
The quick ratio of Core Laboratories NV has shown relatively consistent results over the four quarters of 2024. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
Core Laboratories NV's quick ratio ranged from 1.50 to 1.69 throughout the year, reflecting a healthy liquidity position. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its short-term liabilities.
Overall, the stable quick ratio values of Core Laboratories NV demonstrate its ability to efficiently manage its short-term financial obligations and maintain a strong liquidity position during the year 2024.
Peer comparison
Dec 31, 2024