Crane NXT Co (CXT)
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 | 227,200 | 229,000 | 276,900 | 510,200 | 230,700 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 | 393,900 | 388,800 | 307,000 | 256,800 |
| Short-term investments | US$ in thousands | — | — | — | — | 426,900 | — | — | — | — | — | — | — | — | — | — | — | — | — | 12,000 | — |
| Receivables | US$ in thousands | 214,900 | 179,100 | 200,900 | 499,500 | 474,700 | 486,900 | 490,400 | 510,900 | 472,400 | 512,700 | 458,600 | 483,400 | 432,700 | 439,500 | 444,800 | 543,500 | 555,100 | 534,200 | 543,200 | 573,800 |
| Total current liabilities | US$ in thousands | 334,400 | 312,600 | 316,900 | 974,500 | 631,400 | 1,075,800 | 845,300 | 797,800 | 789,300 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 | 916,700 | 649,000 | 634,600 | 703,700 |
| Quick ratio | 1.32 | 1.31 | 1.51 | 1.04 | 1.79 | 0.86 | 1.35 | 1.03 | 1.20 | 1.26 | 1.11 | 1.03 | 0.93 | 0.86 | 0.84 | 0.80 | 1.04 | 1.42 | 1.36 | 1.18 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($227,200K
+ $—K
+ $214,900K)
÷ $334,400K
= 1.32
The quick ratio of Crane NXT Co fluctuated over the past five years, ranging from a low of 0.80 to a high of 1.79. The quick ratio measures the company's ability to cover its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
In the most recent quarter, the quick ratio was 1.32, indicating an improvement in the company's liquidity position compared to the previous quarter. The company's quick ratio was below 1 in some quarters, suggesting potential challenges in meeting its short-term obligations with its current liquid assets during those periods.
Overall, the trend shows some variability in the company's ability to cover its short-term liabilities with liquid assets, emphasizing the importance of consistent monitoring and management of liquidity levels for Crane NXT Co.
Peer comparison
Dec 31, 2023