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