Dorman Products Inc (DORM)
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 | 57,137 | 45,127 | 47,467 | 34,433 | 36,814 | 31,953 | 35,666 | 33,307 | 46,034 | 35,435 | 51,966 | 53,427 | 58,782 | 57,263 | 155,539 | 166,603 | 155,576 | 170,502 | 359,558 | 161,778 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 563,802 | 561,323 | 514,119 | 465,620 | 547,151 | 533,048 | 570,371 | 606,923 | 678,295 | 673,878 | 660,335 | 652,618 | 665,048 | 622,760 | 332,528 | 335,417 | 322,645 | 540,480 | 325,641 | 314,537 |
| Quick ratio | 0.10 | 0.08 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.07 | 0.05 | 0.08 | 0.08 | 0.09 | 0.09 | 0.47 | 0.50 | 0.48 | 0.32 | 1.10 | 0.51 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($57,137K
+ $—K
+ $—K)
÷ $563,802K
= 0.10
The quick ratio of Dorman Products Inc has fluctuated over the periods analyzed, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities.
Specifically, the quick ratio of Dorman Products Inc was relatively low in recent quarters, ranging from 0.05 to 0.32. This indicates that the company may have had challenges in meeting its short-term obligations with its readily available assets during these periods. A quick ratio below 1 may raise concerns about the company's liquidity position and its ability to cover its immediate debts.
It is important for investors and stakeholders to monitor the quick ratio of Dorman Products Inc to assess its liquidity risk and financial health. A consistent improvement in the quick ratio over time would suggest a stronger liquidity position for the company, enhancing its ability to handle short-term financial obligations.
Peer comparison
Dec 31, 2024