Crane NXT Co (CXT)
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 | 165,800 | 165,100 | 176,900 | 220,700 | 227,200 | 229,000 | 276,900 | 510,200 | 657,600 | 438,600 | 650,600 | 307,200 | 478,600 | 450,800 | 386,700 | 578,400 | 551,000 | 544,600 | 592,100 | 302,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 202,400 | — | — | — | 10,000 | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 432,700 | 439,500 | 444,800 | 543,500 |
| Total current liabilities | US$ in thousands | 562,400 | 456,400 | 526,900 | 296,900 | 334,400 | 312,600 | 316,900 | 974,500 | 1,488,200 | 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 |
| Quick ratio | 0.29 | 0.36 | 0.34 | 0.74 | 0.68 | 0.73 | 0.87 | 0.52 | 0.44 | 0.41 | 0.77 | 0.64 | 0.61 | 0.59 | 0.51 | 0.57 | 0.93 | 0.86 | 0.84 | 0.80 |
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 shows a fluctuating trend over the past five years, ranging from a low of 0.29 to a high of 0.93. The ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Between March 31, 2020, and June 30, 2022, the quick ratio generally improved, indicating an increasing ability to cover short-term liabilities. However, from September 30, 2022, to December 31, 2024, the quick ratio decreased significantly, suggesting a potential decrease in liquidity and ability to meet immediate financial obligations.
Notably, the quick ratio dropped to its lowest point of 0.29 on December 31, 2024, indicating a potential liquidity challenge for Crane NXT Co at that point in time. This decline may raise concerns about the company's ability to pay off its short-term liabilities without relying on selling inventory.
Overall, the trend in Crane NXT Co's quick ratio highlights the importance of monitoring liquidity levels to ensure the company can meet its short-term obligations effectively. Further analysis of the company's liquidity management strategies and potential actions to improve the quick ratio may be warranted to enhance financial stability.
Peer comparison
Dec 31, 2024