Quest Diagnostics Incorporated (DGX)
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 | 549,000 | 764,000 | 271,000 | 474,000 | 686,000 | 143,000 | 126,000 | 175,000 | 315,000 | 700,000 | 790,000 | 712,000 | 872,000 | 987,000 | 560,000 | 1,230,000 | 1,158,000 | 1,605,000 | 988,000 | 342,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 28,000 | 44,000 | 124,000 | 111,000 | — | 521,000 | 480,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,169,000 | 2,092,000 | 2,012,000 | 2,298,000 | 1,815,000 | 1,618,000 | 1,875,000 | 1,355,000 | 1,551,000 | 1,602,000 | 1,577,000 | 1,700,000 | 1,753,000 | 1,759,000 | 1,551,000 | 1,707,000 | 1,776,000 | 2,389,000 | 1,843,000 | 1,129,000 |
| Quick ratio | 0.25 | 0.37 | 0.13 | 0.21 | 0.38 | 0.09 | 0.07 | 0.13 | 0.20 | 0.44 | 0.50 | 0.44 | 0.52 | 0.63 | 0.43 | 0.72 | 0.95 | 0.87 | 0.54 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($549,000K
+ $—K
+ $—K)
÷ $2,169,000K
= 0.25
The quick ratio of Quest Diagnostics Incorporated has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
The quick ratio started at a low of 0.30 on March 31, 2020, indicating that the company had limited liquid assets relative to its current liabilities. However, the quick ratio improved gradually, reaching 0.95 by December 31, 2020, which was close to the ideal ratio of 1.
Thereafter, the quick ratio experienced some volatility, decreasing to 0.43 on June 30, 2021, before recovering to 0.63 on September 30, 2021. Despite this improvement, the ratio declined to 0.20 by December 31, 2022, signaling a decrease in the company's ability to cover its short-term obligations with readily available assets.
Subsequently, the quick ratio fluctuated further, reaching a low of 0.07 on June 30, 2023, suggesting significant liquidity challenges. However, there was a slight improvement by December 31, 2023, with the ratio rising to 0.38.
As of December 31, 2024, the quick ratio stood at 0.25, indicating that the company had $0.25 in liquid assets for every dollar of current liabilities. Overall, the trend in the quick ratio of Quest Diagnostics Incorporated shows periods of both strength and weakness in the company's short-term liquidity position. An analysis of the underlying reasons for these fluctuations would provide further insights into the company's financial health.
Peer comparison
Dec 31, 2024