Curtiss-Wright Corporation (CW)
Quick ratio
| 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 | US$ in thousands | 385,042 | 443,850 | 382,564 | 338,034 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 835,037 | 857,614 | 817,135 | 776,662 | 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 |
| Total current liabilities | US$ in thousands | 1,095,950 | 986,655 | 896,516 | 858,275 | 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 |
| 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 |
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 some fluctuation over the past few years. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2022, the quick ratio ranged from 0.82 to 1.59, indicating some variability in the company's ability to cover its current liabilities with its quick assets.
After June 30, 2022, the quick ratio stabilized within a narrower range between 1.00 and 1.41. This suggests that Curtiss-Wright Corporation has maintained a relatively stable ability to cover its short-term liabilities with its liquid assets during this period.
Overall, a quick ratio above 1.00 indicates that the company has sufficient quick assets to cover its current liabilities. Investors and analysts typically look for a quick ratio of at least 1.00 to ensure that the company is in a strong liquidity position. While the quick ratio of Curtiss-Wright Corporation has fluctuated, it has generally remained above 1.00, indicating that the company has had a reasonable liquidity position to meet its short-term obligations.
Peer comparison
Dec 31, 2024