Crane NXT Co (CXT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 165,800 | 227,200 | 657,600 | 478,600 | 551,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 562,400 | 334,400 | 1,488,200 | 789,300 | 1,056,600 |
| Quick ratio | 0.29 | 0.68 | 0.44 | 0.61 | 0.52 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($165,800K
+ $—K
+ $—K)
÷ $562,400K
= 0.29
The quick ratio of Crane NXT Co has shown some variation over the years. As of December 31, 2020, the quick ratio was 0.52, indicating that the company may have had difficulty meeting its short-term obligations with its liquid assets alone. However, this ratio improved to 0.61 by December 31, 2021, suggesting a better ability to cover immediate liabilities.
On December 31, 2022, the quick ratio decreased to 0.44, which may indicate a potential challenge in meeting short-term obligations with readily available assets. The ratio increased significantly to 0.68 by December 31, 2023, reflecting an improved liquidity position compared to the previous year.
Unfortunately, by December 31, 2024, the quick ratio dropped to 0.29, signaling a potential liquidity crunch for Crane NXT Co. It is important for the company to closely monitor its liquidity position to ensure it can meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024