CSW Industrials Inc (CSWI)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 22,156 | 18,455 | 16,619 | 10,088 | 18,338 |
| Short-term investments | US$ in thousands | 1,186 | 877 | — | — | — |
| Receivables | US$ in thousands | 142,665 | 122,753 | 122,804 | 96,695 | 74,880 |
| Total current liabilities | US$ in thousands | 115,836 | 108,039 | 117,402 | 82,748 | 59,146 |
| Quick ratio | 1.43 | 1.32 | 1.19 | 1.29 | 1.58 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($22,156K
+ $1,186K
+ $142,665K)
÷ $115,836K
= 1.43
The quick ratio of CSW Industrials Inc has exhibited fluctuating trends over the past five years. The ratio has generally been above 1, indicating the company's ability to cover its short-term obligations with its most liquid assets.
The quick ratio increased from 1.29 in 2021 to 1.43 in 2024, showing a positive trend in the company's short-term liquidity position. However, it had decreased from 1.58 in 2020 to 1.19 in 2022, suggesting a temporary weakening of the company's ability to meet its short-term obligations.
Overall, the quick ratio of CSW Industrials Inc appears to be at a reasonable level, indicating a healthy liquidity position. It is important for investors and stakeholders to continue monitoring this ratio to ensure that the company can effectively manage its short-term financial obligations.
Peer comparison
Mar 31, 2024