Catalent Inc (CTLT)
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 | 335,000 | 289,000 | 162,000 | 229,000 | 209,000 | 280,000 | 252,000 | 442,000 | 281,000 | 449,000 | 786,000 | 849,000 | 1,969,000 | 896,000 | 988,100 | 833,000 | 1,007,000 | 953,000 | 608,400 | 188,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 89,000 | 28,000 | 64,000 | 89,000 | 94,000 | 66,000 | 50,000 | 71,000 | 74,700 | 100 | — | 200 | — | — |
| Receivables | US$ in thousands | 760,000 | 921,000 | 875,000 | 843,000 | 830,000 | 1,002,000 | 1,049,000 | 916,000 | 989,000 | 1,051,000 | 932,000 | 871,000 | 831,000 | 1,012,000 | 834,900 | 771,500 | 700,900 | 838,100 | 698,700 | 681,000 |
| Total current liabilities | US$ in thousands | 998,000 | 1,031,000 | 1,007,000 | 1,036,000 | 1,534,000 | 1,530,000 | 1,487,000 | 1,552,000 | 969,000 | 1,098,000 | 1,046,000 | 1,045,000 | 1,096,000 | 1,196,000 | 1,139,200 | 1,024,000 | 919,700 | 893,000 | 917,100 | 658,100 |
| Quick ratio | 1.10 | 1.17 | 1.03 | 1.03 | 0.68 | 0.84 | 0.93 | 0.89 | 1.38 | 1.45 | 1.73 | 1.71 | 2.60 | 1.65 | 1.67 | 1.57 | 1.86 | 2.01 | 1.43 | 1.32 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($335,000K
+ $—K
+ $760,000K)
÷ $998,000K
= 1.10
The quick ratio of Catalent Inc has exhibited fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In the most recent quarter, as of September 30, 2024, Catalent Inc had a quick ratio of 1.10, indicating that it had $1.10 in liquid assets available to cover each dollar of current liabilities. This suggests that the company may have a relatively tight liquidity position in the short term.
Looking at the historical trend, there has been variability in the quick ratio. In the December 31, 2021 quarter, the quick ratio was notably high at 2.60, reflecting a strong liquidity position at that time. However, the quick ratio decreased in subsequent quarters before rebounding. Notably, there was a significant drop in the quick ratio in the September 30, 2023 quarter, where it fell to 0.68, indicating potential liquidity challenges during that period.
Overall, it is important for investors and stakeholders to closely monitor Catalent Inc's quick ratio over time to assess its liquidity position and ability to meet short-term obligations efficiently. Additionally, analyzing the reasons behind the fluctuations in the quick ratio can provide valuable insights into the company's financial health and management of working capital.
Peer comparison
Sep 30, 2024