Crane Company (CR)
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 | 306,700 | 258,200 | 229,300 | 219,400 | 329,600 | 273,800 | 218,900 | 510,200 | 657,600 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 30,000 | 10,000 | — | 60,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 520,100 | 572,100 | 520,600 | 492,800 | 467,100 | 415,600 | 401,100 | 974,500 | 1,477,900 | 1,075,800 | 845,300 | 797,800 | 795,200 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Quick ratio | 0.59 | 0.45 | 0.44 | 0.45 | 0.71 | 0.66 | 0.55 | 0.52 | 0.44 | 0.41 | 0.77 | 0.39 | 0.60 | 0.59 | 0.55 | 0.57 | 0.52 | 0.53 | 0.48 | 0.29 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($306,700K
+ $—K
+ $—K)
÷ $520,100K
= 0.59
The quick ratio of Crane Company has shown some fluctuations over the past few years. Starting at a low of 0.29 on March 31, 2020, the ratio improved steadily to reach a peak of 0.77 on June 30, 2022. However, there was a significant drop in the quick ratio to 0.39 on March 31, 2022. Subsequently, the ratio recovered and remained relatively stable around the range of 0.44 to 0.71 from March 31, 2023, to December 31, 2024.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, but the trend in Crane Company's quick ratio shows improvement over the years. Overall, the company's liquidity position, as reflected by the quick ratio, appears to have varied but generally stabilized within a reasonable range towards the end of the period.
Peer comparison
Dec 31, 2024