Curtiss-Wright Corporation (CW)

Liquidity ratios

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 Jun 30, 2020 Mar 31, 2020
Current ratio 1.69 1.98 2.05 2.02 2.13 1.99 2.11 2.15 1.55 1.68 1.36 1.64 1.78 1.86 1.81 1.75 1.61 2.37 1.91 2.04
Quick ratio 1.11 1.32 1.34 1.30 1.41 1.21 1.26 1.27 1.00 0.98 0.82 1.00 1.11 1.18 1.09 1.04 0.97 1.59 1.14 1.25
Cash ratio 0.35 0.45 0.43 0.39 0.50 0.19 0.22 0.19 0.26 0.14 0.16 0.17 0.23 0.31 0.26 0.20 0.24 0.64 0.23 0.25

Curtiss-Wright Corporation's liquidity ratios fluctuated over the reporting periods. The current ratio, which measures the company's ability to cover short-term liabilities with assets readily convertible into cash, ranged from a low of 1.36 to a high of 2.37. A higher current ratio indicates a stronger liquidity position, and although the ratio exhibited some volatility, it generally remained above 1, suggesting the company was able to meet its short-term obligations.

The quick ratio, a more stringent measure of liquidity as it excludes inventory from current assets, showed a similar trend with values ranging from 0.82 to 1.59. The quick ratio provides insight into the company's immediate liquidity without relying on inventory sales. Curtiss-Wright Corporation's quick ratio remained above 1 for most periods, indicating a decent ability to cover short-term obligations with its most liquid assets.

The cash ratio, which focuses solely on the most liquid assets (cash and cash equivalents) compared to current liabilities, varied from 0.14 to 0.64. This ratio gives a glimpse into the company's ability to pay off its current liabilities with just its cash holdings. Although the cash ratio displayed more fluctuation compared to the other liquidity ratios, it generally trended upwards, indicating an improvement in the company's ability to settle short-term debts from its cash reserves.

Overall, while fluctuations were observed in Curtiss-Wright Corporation's liquidity ratios, the company generally maintained a satisfactory liquidity position throughout the reporting periods, ensuring it could meet its short-term financial obligations.

Additional liquidity measure

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 Jun 30, 2020 Mar 31, 2020
Cash conversion cycle days 122.19 136.14 131.24 127.79 117.96 136.84 133.65 135.39 121.36 140.81 138.19 127.35 110.58 160.59 160.84 162.31 143.46 169.45 157.89 154.77

The cash conversion cycle of Curtiss-Wright Corporation has shown fluctuations over the periods provided. The company's cash conversion cycle, which measures the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales, has ranged from 110.58 days to 169.45 days.

In general, a lower cash conversion cycle is favorable as it indicates that the company is able to efficiently manage its working capital. Curtiss-Wright's cycle has decreased from the highest point in September 2020 to the lowest point in December 2021, which suggests an improvement in their working capital management efficiency during this period.

However, it's worth noting that there have been fluctuations in the cycle throughout the periods provided, with some increases and decreases. This could be indicative of changes in the company's operations, inventory management, or payment terms with suppliers and customers.

Overall, monitoring and managing the cash conversion cycle is crucial for the company to ensure efficient utilization of resources and cash flow management.