Donaldson Company Inc (DCI)
Quick ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 232,700 | 223,700 | 193,800 | 217,800 | 187,100 | 186,000 | 179,400 | 161,000 | 193,300 | 168,700 | 170,400 | 200,800 | 222,800 | 215,300 | 207,300 | 270,000 | 236,600 | 326,500 | 211,100 | 210,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,100 | — | — | — | — | — |
| Receivables | US$ in thousands | 629,700 | 638,400 | 599,300 | 582,500 | 599,700 | 626,300 | 574,500 | 584,200 | 616,600 | 585,500 | 553,400 | 545,100 | 552,700 | 541,300 | 492,900 | 465,100 | 455,300 | 460,500 | 475,800 | 501,500 |
| Total current liabilities | US$ in thousands | 782,500 | 735,200 | 893,500 | 882,600 | 756,400 | 712,000 | 580,100 | 569,300 | 629,600 | 606,500 | 638,500 | 581,900 | 606,600 | 548,800 | 499,500 | 419,400 | 406,800 | 432,800 | 498,200 | 531,100 |
| Quick ratio | 1.10 | 1.17 | 0.89 | 0.91 | 1.04 | 1.14 | 1.30 | 1.31 | 1.29 | 1.24 | 1.13 | 1.28 | 1.28 | 1.38 | 1.40 | 1.75 | 1.70 | 1.82 | 1.38 | 1.34 |
July 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($232,700K
+ $—K
+ $629,700K)
÷ $782,500K
= 1.10
The quick ratio of Donaldson Company Inc has fluctuated over the past few years. The quick ratio provides insights into the company's ability to meet its short-term obligations using its most liquid assets.
Looking at the trend, there has been some volatility in the quick ratio, with values ranging from 0.89 to 1.82 over the last 20 quarters. A quick ratio above 1 indicates that the company has more liquid assets available to cover its current liabilities.
The quick ratio peaked at 1.82 in the quarter ending January 31, 2020, which suggests a strong ability to cover short-term obligations. On the other hand, the lowest quick ratio of 0.89 was recorded in the quarter ending January 31, 2024, indicating a lower level of liquidity to meet immediate obligations.
Overall, the quick ratio of Donaldson Company Inc has shown some variability over time, reflecting fluctuations in the company's liquidity position. It is important for stakeholders to monitor this ratio to assess the company's ability to meet its short-term financial obligations.