Crane Company (CR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 306,700 | 329,600 | 657,600 | 478,600 | 551,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 543,400 | 467,100 | 1,477,900 | 795,200 | 1,056,600 |
| Quick ratio | 0.56 | 0.71 | 0.44 | 0.60 | 0.52 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($306,700K
+ $—K
+ $—K)
÷ $543,400K
= 0.56
The quick ratio of Crane Company, calculated as the ratio of its liquid assets to current liabilities, has shown fluctuations over the past five years. At the end of December 31, 2020, the quick ratio stood at 0.52, indicating that the company had $0.52 in liquid assets available to cover each dollar of current liabilities.
By December 31, 2021, the quick ratio improved to 0.60, reflecting a stronger liquidity position compared to the previous year. However, the quick ratio decreased to 0.44 by the end of December 31, 2022, suggesting that the company may be facing challenges in meeting its short-term obligations with existing liquid assets.
The following year, by December 31, 2023, the quick ratio rebounded significantly to 0.71, signaling an improvement in the company's ability to cover its current liabilities with liquid assets. However, by the end of December 31, 2024, the quick ratio decreased to 0.56, indicating a slight decline in liquidity compared to the previous year.
Overall, the trend in Crane Company's quick ratio shows variability in its liquidity position over the years, with fluctuations suggesting changes in the company's ability to meet short-term obligations with its current liquid assets. It would be important for stakeholders to monitor this ratio closely to assess the company's liquidity and ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024