CNH Industrial N.V. (CNH)
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 | 3,191,000 | 1,801,000 | 1,619,000 | 3,959,000 | 5,045,000 | 3,685,000 | 3,925,000 | 4,005,000 | 5,129,000 | 3,814,000 | 3,584,000 | 4,061,000 | 6,862,000 | 7,149,000 | 7,820,000 | 7,059,000 | 8,785,000 | 6,425,000 | 5,145,000 | 3,850,000 |
| Short-term investments | US$ in thousands | — | — | 94,000 | 72,000 | 90,000 | 98,000 | 102,000 | 79,000 | 105,000 | 146,000 | — | — | — | 274,000 | 464,000 | 357,000 | 392,000 | 526,000 | 1,733,000 | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 14,800,000 | 4,174,000 | 7,330,000 | 5,504,000 | 17,494,000 | 5,795,000 | 6,136,000 | 5,885,000 | 15,406,000 | 4,846,000 | 5,258,000 | 5,533,000 | 19,611,000 | 390,000 | 407,000 | 388,000 | 389,000 | 362,000 | 349,000 | 301,000 |
| Quick ratio | 0.22 | 0.43 | 0.23 | 0.73 | 0.29 | 0.65 | 0.66 | 0.69 | 0.34 | 0.82 | 0.68 | 0.73 | 0.35 | 19.03 | 20.35 | 19.11 | 23.59 | 19.20 | 19.71 | 12.79 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,191,000K
+ $—K
+ $—K)
÷ $14,800,000K
= 0.22
The quick ratio of CNH Industrial N.V. has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the quick ratio stood at a high of 12.79 on March 31, 2020, reflecting a strong ability to meet short-term liabilities with its most liquid assets. The ratio consistently remained high above 19.00 for the next few quarters, signaling a stable liquidity position.
However, there was a drastic decline in the quick ratio to 0.35 by December 31, 2021. This significant drop suggests a potential liquidity issue or overextension of short-term liabilities relative to available liquid assets. The ratio remained low in the subsequent quarters but showed some improvements, reaching 0.73 by March 31, 2022.
From that point onward, the quick ratio continued to fluctuate between 0.22 and 0.82 until December 31, 2024. These fluctuations indicate ongoing challenges in maintaining a healthy liquidity position or managing short-term obligations effectively. Overall, the quick ratio trend suggests that CNH Industrial N.V. may have encountered liquidity challenges during the period under review.
Peer comparison
Dec 31, 2024