Carlisle Companies Incorporated (CSL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 753,500 | 576,700 | 400,000 | 324,400 | 897,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 665,800 | 1,186,300 | 1,078,400 | 1,169,500 | 646,200 |
| Quick ratio | 1.13 | 0.49 | 0.37 | 0.28 | 1.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($753,500K
+ $—K
+ $—K)
÷ $665,800K
= 1.13
The quick ratio of Carlisle Companies Incorporated has shown fluctuations over the years based on the provided data.
As of December 31, 2020, the quick ratio was 1.39, indicating the company had $1.39 in liquid assets available to cover each dollar of current liabilities. This suggests a strong ability to meet its short-term obligations with liquid assets.
However, by December 31, 2021, the quick ratio dropped significantly to 0.28, which may raise concerns as it indicates a decline in the company's ability to cover its short-term liabilities with its most liquid assets.
Subsequently, the quick ratio improved by December 31, 2022, reaching 0.37, and further increased to 0.49 by December 31, 2023. These improvements show a positive trend in the company's liquidity position, although the ratio still remains below the ideal value of 1.
By December 31, 2024, the quick ratio surged to 1.13, surpassing the 1 mark, which suggests a strong liquidity position and enhanced ability to meet short-term obligations with liquid assets.
Overall, the analysis of Carlisle Companies Incorporated's quick ratio reveals fluctuations in its liquidity position over the years, with notable improvements in recent periods indicating a strengthening ability to cover short-term liabilities with liquid assets.
Peer comparison
Dec 31, 2024