3D Systems Corporation (DDD)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 331,525 | 388,134 | 789,657 | 75,010 | 133,665 |
| Short-term investments | US$ in thousands | 0 | 180,603 | 0 | 5,016 | 8,327 |
| Receivables | US$ in thousands | 106,919 | 93,886 | 106,540 | 114,254 | 109,408 |
| Total current liabilities | US$ in thousands | 147,188 | 151,808 | 178,012 | 175,730 | 162,964 |
| Quick ratio | 2.98 | 4.36 | 5.03 | 1.11 | 1.54 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($331,525K
+ $0K
+ $106,919K)
÷ $147,188K
= 2.98
The quick ratio of 3D Systems Corporation has exhibited fluctuations over the past five years. The current quick ratio of 2.98 as of December 31, 2023, indicates that the company has $2.98 in liquid assets available to cover each dollar of its current liabilities, showcasing a decrease from the previous year but still at a healthy level.
The quick ratio was notably high in 2021 and 2022, at 5.03 and 4.36 respectively, suggesting a strong ability to meet short-term obligations with liquid assets. However, in 2020, the quick ratio was much lower at 1.11, indicating a potential liquidity strain in that period.
Overall, the company's quick ratio has been above 1 for the past five years, signaling that 3D Systems Corporation has maintained a sufficient level of liquid assets to cover its short-term liabilities. The declining trend from 2022 to 2023 warrants further monitoring to ensure the company's ongoing ability to meet its short-term obligations with readily available resources.
Peer comparison
Dec 31, 2023