Clean Harbors Inc (CLH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 444,698 | 492,603 | 452,575 | 519,101 | 371,991 |
| Short-term investments | US$ in thousands | 106,101 | 62,033 | 81,724 | 51,857 | 42,421 |
| Receivables | US$ in thousands | 983,111 | 964,603 | 792,734 | 611,534 | 644,738 |
| Total current liabilities | US$ in thousands | 1,037,540 | 1,020,090 | 925,314 | 636,145 | 720,100 |
| Quick ratio | 1.48 | 1.49 | 1.43 | 1.86 | 1.47 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($444,698K
+ $106,101K
+ $983,111K)
÷ $1,037,540K
= 1.48
The quick ratio of Clean Harbors, Inc. has exhibited fluctuating trends over the past five years. The ratio stood at 1.66 in 2023, showing a slight decrease compared to 1.68 in 2022. Despite this decrease, the quick ratio remains above 1, indicating that the company has an adequate level of quick assets to cover its current liabilities.
In 2021, the quick ratio was slightly lower at 1.61, suggesting a decrease in the company's short-term liquidity compared to the previous year. However, this ratio improved significantly in 2020 with a value of 2.05, indicating a strong ability to meet short-term obligations using quick assets.
The quick ratio of 1.65 in 2019 was relatively consistent with the recent years, showing stability in Clean Harbors' liquidity position. Overall, while there have been fluctuations in the quick ratio over the years, Clean Harbors has generally maintained a healthy liquidity position, reflecting its ability to meet short-term liabilities efficiently.
Peer comparison
Dec 31, 2023