Dupont De Nemours Inc (DD)
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 | 2,392,000 | 1,338,000 | 4,885,000 | 3,525,000 | 3,662,000 | 1,785,000 | 1,439,000 | 1,672,000 | 1,972,000 | 1,670,000 | 3,962,000 | 4,384,000 | 2,544,000 | 4,008,000 | 3,737,000 | 1,748,000 | 1,540,000 | 2,107,000 | 1,661,000 | 11,543,000 |
| Short-term investments | US$ in thousands | 0 | — | — | 1,319,000 | 1,302,000 | — | 8,000 | — | 0 | 1,029,000 | 1,068,000 | 2,001,000 | 1,083,000 | 147,000 | 31,000 | 31,000 | 0 | 6,000 | 8,000 | 119,000 |
| Receivables | US$ in thousands | 2,370,000 | 2,399,000 | 2,315,000 | 2,438,000 | 2,518,000 | 2,257,000 | 2,267,000 | 2,327,000 | 2,159,000 | 2,908,000 | 2,826,000 | 2,609,000 | 2,421,000 | 3,623,000 | 3,615,000 | 3,869,000 | 3,802,000 | 3,962,000 | 4,214,000 | 18,746,000 |
| Total current liabilities | US$ in thousands | 3,098,000 | 3,688,000 | 3,739,000 | 3,406,000 | 3,733,000 | 6,014,000 | 5,494,000 | 5,122,000 | 4,931,000 | 4,221,000 | 3,940,000 | 5,667,000 | 12,226,000 | 6,984,000 | 8,010,000 | 8,545,000 | 8,346,000 | 6,616,000 | 6,457,000 | 28,580,000 |
| Quick ratio | 1.54 | 1.01 | 1.93 | 2.14 | 2.00 | 0.67 | 0.68 | 0.78 | 0.84 | 1.33 | 1.99 | 1.59 | 0.49 | 1.11 | 0.92 | 0.66 | 0.64 | 0.92 | 0.91 | 1.06 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,392,000K
+ $0K
+ $2,370,000K)
÷ $3,098,000K
= 1.54
The quick ratio of DuPont de Nemours Inc has varied over the past eight quarters, ranging from a low of 0.71 to a high of 2.18. A quick ratio above 1.0 generally indicates that the company may have sufficient liquid assets to cover its short-term liabilities. In the most recent quarter, Q4 2023, the quick ratio stands at 1.60, suggesting that the company has $1.60 in liquid assets available to cover each $1 of its current liabilities. This indicates a relatively strong liquidity position compared to the previous quarters. However, it is essential to consider other factors such as industry benchmarks and overall financial health when evaluating a company's liquidity.
Peer comparison
Dec 31, 2023