CSW Industrials, Inc. (CSW)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 37,990 | 225,845 | 213,754 | 273,220 | 18,852 | 22,156 | 24,988 | 13,846 | 14,788 | 18,455 | 14,721 | 13,558 | 15,519 | 16,619 | 16,184 | 17,329 | 15,677 | 10,088 | 18,260 | 47,299 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,197 | 1,186 | 942 | 1,550 | 1,472 | 877 | — | 128 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 179,409 | 157,741 | 114,825 | 135,265 | 143,195 | 144,620 | 104,522 | 126,320 | 127,075 | 122,753 | 103,213 | 125,901 | 143,874 | 122,804 | 90,737 | 107,660 | 111,940 | 96,695 | 75,005 | 70,092 |
| Total current liabilities | US$ in thousands | 157,896 | 147,202 | 134,715 | 159,450 | 121,485 | 115,836 | 111,127 | 112,702 | 106,445 | 108,039 | 109,376 | 111,881 | 121,814 | 117,402 | 98,426 | 85,714 | 91,727 | 82,748 | 76,759 | 57,410 |
| Quick ratio | 1.38 | 2.61 | 2.44 | 2.56 | 1.34 | 1.45 | 1.17 | 1.26 | 1.35 | 1.32 | 1.08 | 1.25 | 1.31 | 1.19 | 1.09 | 1.46 | 1.39 | 1.29 | 1.22 | 2.04 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($37,990K
+ $—K
+ $179,409K)
÷ $157,896K
= 1.38
The quick ratio of CSW Industrials, Inc. demonstrates a trend characterized by fluctuations over the period from September 30, 2020, to June 30, 2025. Initially, on September 30, 2020, the ratio stood at a robust 2.04, indicating that the company's quick assets considerably exceeded its current liabilities, suggesting strong short-term liquidity.
Throughout the subsequent quarters, the ratio exhibited a declining trend, reaching a low point of approximately 1.08 by December 31, 2022. This decrease may reflect a reduction in liquid assets relative to current liabilities or an increase in short-term obligations. Despite the decline, the ratio remained above 1.0, suggesting that the company consistently maintained sufficient liquid assets to cover its immediate liabilities.
From early 2023 onward, the quick ratio experienced a modest recovery, surpassing the 1.30 mark by March 2023 and maintaining a relatively steady range around 1.25 to 1.35 through mid-2024. Notably, there was a significant increase at the end of September 2024, with the ratio reaching 2.56, and it remained elevated through December 2024 and into 2025, culminating at 2.61 by March 2025. The high figures during this period indicate a substantial strengthening in liquid assets relative to short-term liabilities.
Overall, the pattern suggests that CSW Industrials, Inc. navigated periods of liquidity tightening between 2020 and 2022 but recovered and strengthened its liquidity position substantially starting in late 2024. The fluctuation reflects adjustments in liquidity management, with periods of both relative tightness and robust liquidity. The current ratio levels in 2024 and 2025 imply a conservative liquidity stance, providing a substantial buffer to meet short-term obligations.
Peer comparison
Jun 30, 2025