Clean Harbors Inc (CLH)

Quick ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash US$ in thousands 444,698 335,965 238,776 304,307 492,603 449,023 344,631 339,584 452,575 646,663 595,574 496,383 519,101 475,706 447,366 432,205 371,991 282,233 204,455 167,371
Short-term investments US$ in thousands 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 42,421 46,877 55,198 57,477
Receivables US$ in thousands 983,111 1,010,340 981,233 963,659 964,603 1,026,230 1,005,490 900,273 792,734 703,199 659,364 620,184 611,534 602,069 572,373 658,482 644,738 641,667 632,888 613,507
Total current liabilities US$ in thousands 1,037,540 975,387 914,415 926,837 1,020,090 1,017,910 990,058 914,139 925,314 739,901 711,069 650,553 636,145 641,061 604,940 658,412 720,100 680,042 633,690 597,510
Quick ratio 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 1.47 1.43 1.41 1.40

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 been relatively stable and consistently above 1.5 over the past eight quarters. This indicates that the company has a healthy level of liquid assets to cover its current liabilities. Specifically, the quick ratio has ranged between 1.66 and 1.72 during this period, with the highest value recorded in Q3 2022. The quick ratio measures the ability of a company to meet its short-term obligations using its most liquid assets, excluding inventory. Clean Harbors' quick ratio demonstrates a strong liquidity position, providing assurance that the company can easily cover its immediate financial obligations without needing to rely heavily on inventory.


Peer comparison

Dec 31, 2023

Company name
Symbol
Quick ratio
Clean Harbors Inc
CLH
1.48
Stericycle Inc
SRCL
0.82