Curtiss-Wright Corporation (CW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 385,042 | 406,867 | 256,974 | 171,004 | 198,248 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 835,037 | 732,678 | 723,304 | 647,148 | 588,718 |
| Total current liabilities | US$ in thousands | 1,095,950 | 806,544 | 981,045 | 734,867 | 810,377 |
| Quick ratio | 1.11 | 1.41 | 1.00 | 1.11 | 0.97 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($385,042K
+ $—K
+ $835,037K)
÷ $1,095,950K
= 1.11
The quick ratio of Curtiss-Wright Corporation has shown a fluctuating trend over the past five years. As of December 31, 2020, the quick ratio was 0.97, indicating that the company may have had difficulties meeting its short-term obligations with its most liquid assets alone. However, by December 31, 2021, the quick ratio improved to 1.11, suggesting that the company's liquidity position strengthened as it held more liquid assets relative to its current liabilities.
In the subsequent years, the quick ratio remained at relatively favorable levels, standing at 1.00 as of December 31, 2022, 1.41 by December 31, 2023, and again at 1.11 as of December 31, 2024. These ratios indicate that Curtiss-Wright Corporation had an adequate level of liquid assets compared to its current liabilities to meet its short-term obligations during these periods.
Overall, the improving trend in the quick ratio from 2020 to 2024 demonstrates the company's ability to maintain a healthy liquidity position and effectively manage its short-term financial obligations.
Peer comparison
Dec 31, 2024