Curtiss-Wright Corporation (CW)
Quick ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 406,867 | 148,809 | 158,737 | 130,659 | 256,974 | 113,552 | 171,414 | 136,682 | 171,004 | 234,416 | 197,508 | 147,069 | 198,248 | 426,821 | 155,383 | 157,757 | 391,033 | 297,712 | 216,344 | 154,428 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 732,678 | 790,334 | 751,532 | 720,248 | 723,304 | 713,592 | 699,632 | 661,129 | 647,148 | 670,867 | 644,089 | 617,499 | 588,718 | 634,944 | 598,340 | 630,626 | 632,194 | 644,150 | 636,058 | 591,562 |
| Total current liabilities | US$ in thousands | 806,544 | 775,379 | 720,927 | 672,190 | 981,045 | 840,364 | 1,059,210 | 800,251 | 734,867 | 765,143 | 774,472 | 734,802 | 810,377 | 665,834 | 661,978 | 629,057 | 744,731 | 648,105 | 637,869 | 603,268 |
| Quick ratio | 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 | 1.37 | 1.45 | 1.34 | 1.24 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($406,867K
+ $—K
+ $732,678K)
÷ $806,544K
= 1.41
The quick ratio of Curtiss-Wright Corp. has varied over the past eight quarters, ranging from a low of 0.90 in Q2 2022 to a high of 1.50 in Q4 2023. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities, with Q4 2023 showing the strongest position in this regard. The company's liquidity position appears to have improved since Q2 2022, when the quick ratio was at its lowest point, demonstrating efforts to strengthen short-term financial stability. Overall, the trend in the quick ratio suggests that Curtiss-Wright Corp. has managed its liquidity well and has generally been able to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2023