CSW Industrials Inc (CSWI)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 19,687 | 18,338 | 39,884 |
| Short-term investments | US$ in thousands | — | 1,197 | 1,186 | 942 | 1,550 | 1,472 | 877 | 379 | 128 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 135,265 | 143,195 | 142,665 | 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 | 71,490 | 74,880 | 57,583 |
| Total current liabilities | US$ in thousands | 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 | 53,953 | 59,146 | 53,279 |
| Quick ratio | 2.56 | 1.34 | 1.43 | 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 | 1.69 | 1.58 | 1.83 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($273,220K
+ $—K
+ $135,265K)
÷ $159,450K
= 2.56
The quick ratio of CSW Industrials Inc has shown some fluctuations over the past few quarters. The ratio indicates the company's ability to meet its short-term obligations with its most liquid assets excluding inventory.
From December 2019 to September 2024, the quick ratio ranged from a low of 1.08 to a high of 2.56. The ratio has generally been above 1, indicating that CSW Industrials Inc has had an adequate level of liquid assets to cover its current liabilities.
A quick ratio above 1 suggests that the company is relatively well-positioned to meet its short-term obligations without relying heavily on selling inventory. The trend of the quick ratio over the quarters may indicate the company's efficiency in managing its cash, equivalents, and receivables relative to its current liabilities.
The significant increase in the quick ratio in September 2024 to 2.56 from 1.34 in June 2024 could indicate an improvement in the company's liquidity position. However, it is important to continue monitoring the trend of the quick ratio to assess the company's ongoing liquidity management.
Peer comparison
Sep 30, 2024