Carlisle Companies Incorporated (CSL)
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 | 576,700 | 108,000 | 379,300 | 423,900 | 364,800 | 592,800 | 344,700 | 291,700 | 324,400 | 295,600 | 713,300 | 761,000 | 897,100 | 711,400 | 728,100 | 1,187,700 | 351,200 | 658,100 | 422,000 | 516,600 |
| Short-term investments | US$ in thousands | — | — | — | — | 35,200 | — | — | — | — | — | — | — | 5,100 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 615,300 | 768,100 | 959,500 | 730,300 | 829,100 | 1,090,900 | 1,179,000 | 1,002,600 | 814,600 | 877,500 | 722,400 | 683,200 | 612,700 | 721,000 | 692,500 | 686,600 | 783,000 | 862,000 | 915,600 | 773,000 |
| Total current liabilities | US$ in thousands | 1,186,300 | 875,600 | 1,045,300 | 930,000 | 1,078,400 | 1,552,100 | 1,259,700 | 1,188,600 | 1,169,500 | 851,300 | 761,700 | 660,100 | 646,200 | 645,700 | 613,900 | 602,700 | 899,000 | 692,200 | 649,900 | 633,200 |
| Quick ratio | 1.00 | 1.00 | 1.28 | 1.24 | 1.14 | 1.08 | 1.21 | 1.09 | 0.97 | 1.38 | 1.88 | 2.19 | 2.34 | 2.22 | 2.31 | 3.11 | 1.26 | 2.20 | 2.06 | 2.04 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($576,700K
+ $—K
+ $615,300K)
÷ $1,186,300K
= 1.00
The quick ratio of Carlisle Companies Inc. has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In Q4 2023, the quick ratio decreased to 1.11 from 1.15 in Q3 2023, indicating a slight decline in the company's ability to cover its short-term liabilities with its quick assets. However, the quick ratio was still above 1, suggesting that Carlisle Companies Inc. had sufficient liquid assets to meet its current liabilities in the near term.
Looking back over the previous quarters, the quick ratio has generally been above 1, reflecting the company's strong liquidity position. The highest quick ratio was seen in Q2 2023 at 1.46, indicating a significant increase in liquidity compared to other quarters. Conversely, the lowest quick ratio was recorded in Q4 2022 at 1.27.
Overall, the trend in Carlisle Companies Inc.'s quick ratio suggests that the company has been maintaining a relatively healthy liquidity position, with minor fluctuations in its ability to cover short-term obligations with quick assets. It is important for investors and stakeholders to continue monitoring the quick ratio to ensure that the company remains capable of meeting its short-term financial obligations.
Peer comparison
Dec 31, 2023