Core Laboratories NV (CLB)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 15,120 | 16,616 | 26,204 |
| Short-term investments | US$ in thousands | — | — | — |
| Receivables | US$ in thousands | 123,068 | 121,454 | 121,373 |
| Total current liabilities | US$ in thousands | 88,097 | 84,250 | 96,194 |
| Quick ratio | 1.57 | 1.64 | 1.53 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($15,120K
+ $—K
+ $123,068K)
÷ $88,097K
= 1.57
The quick ratio of Core Laboratories NV has been relatively stable over the past three quarters, ranging from 1.53 to 1.64. This indicates that the company has a strong ability to meet its short-term obligations with its highly liquid assets, such as cash and accounts receivable. A quick ratio above 1 suggests that Core Laboratories has an adequate level of liquid assets to cover its current liabilities. The consistent values of the quick ratio over time imply that the company has maintained a healthy liquidity position, which is essential for financial stability and operational flexibility. Overall, the trend in Core Laboratories NV's quick ratio reflects a robust liquidity position and efficient management of short-term financial obligations.
Peer comparison
Dec 31, 2023