Catalent Inc (CTLT)
Quick ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 243,400 |
| 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 | 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 | 647,900 |
| Total current liabilities | US$ in thousands | 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 | 615,800 |
| Quick ratio | 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 | 1.45 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($289,000K
+ $—K
+ $921,000K)
÷ $1,031,000K
= 1.17
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From the data provided for Catalent Inc, the quick ratio has shown some fluctuations over the past few quarters. It was relatively stable around 1.5 for most of 2022 and the first half of 2023, indicating a healthy liquidity position during that period. However, there was a notable decrease in the quick ratio in the third quarter of 2023, dropping to 0.68, which suggests a potential strain on short-term liquidity.
Subsequently, there was a gradual improvement in the quick ratio in the following quarters, reaching a peak of 2.60 in the second quarter of 2022, indicating a significant improvement in liquidity. However, the quick ratio decreased in subsequent quarters but remained above 1, indicating the company's ability to meet its short-term obligations.
Overall, while there have been fluctuations in Catalent Inc's quick ratio over the analyzed period, the general trend has shown an adequate liquidity position to cover short-term liabilities. Investors and analysts may want to closely monitor changes in the quick ratio to assess the company's ongoing liquidity risk and financial health.
Peer comparison
Jun 30, 2024