Clean Harbors Inc (CLH)
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 | 687,192 | 512,371 | 401,992 | 337,825 | 444,698 | 335,965 | 238,776 | 304,307 | 492,603 | 449,023 | 344,631 | 339,584 | 452,575 | 646,663 | 595,574 | 496,383 | 519,101 | 475,706 | 447,366 | 432,205 |
| Short-term investments | US$ in thousands | 102,634 | 82,371 | 91,294 | 104,811 | 106,101 | 84,007 | 87,346 | 71,818 | 62,033 | 65,034 | 70,797 | 75,364 | 81,724 | 64,844 | 70,683 | 74,320 | 51,857 | 56,639 | 59,326 | 62,143 |
| Receivables | US$ in thousands | 1,015,360 | 1,100,660 | 1,089,830 | 1,039,760 | 983,111 | 1,010,340 | 981,233 | 963,659 | 964,603 | 1,026,230 | 1,005,490 | 900,273 | 792,734 | 703,199 | 659,364 | 620,184 | 611,534 | 602,069 | 572,373 | 658,482 |
| Total current liabilities | US$ in thousands | 1,102,670 | 1,121,850 | 1,061,640 | 1,017,520 | 1,037,540 | 975,387 | 914,415 | 926,837 | 1,020,090 | 1,017,910 | 990,058 | 914,139 | 925,314 | 739,901 | 711,069 | 650,553 | 636,145 | 641,061 | 604,940 | 658,412 |
| Quick ratio | 1.64 | 1.51 | 1.49 | 1.46 | 1.48 | 1.47 | 1.43 | 1.45 | 1.49 | 1.51 | 1.44 | 1.44 | 1.43 | 1.91 | 1.86 | 1.83 | 1.86 | 1.77 | 1.78 | 1.75 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($687,192K
+ $102,634K
+ $1,015,360K)
÷ $1,102,670K
= 1.64
The quick ratio of Clean Harbors Inc has shown a relatively stable trend over the past few years, ranging between 1.43 and 1.91. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From December 31, 2021, to September 30, 2023, the quick ratio remained within the range of 1.43 to 1.51, indicating the company's ability to cover its current liabilities with its liquid assets. However, there was a slight decrease in the quick ratio to 1.43 as of June 30, 2023, but it improved to 1.47 by September 30, 2023.
By December 31, 2024, the quick ratio increased to 1.64, showing an improvement in the company's liquidity position. This could suggest that Clean Harbors Inc has sufficient liquid assets to cover its short-term obligations and operate efficiently. Overall, the trend in the quick ratio reflects a consistent level of liquidity and financial health in the company's operations.