Dover Corporation (DOV)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,844,880 | 398,561 | 380,868 | 385,504 | 513,075 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,196,530 | 2,413,770 | 2,773,270 | 2,250,340 | 1,738,800 |
| Quick ratio | 0.84 | 0.17 | 0.14 | 0.17 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,844,880K
+ $—K
+ $—K)
÷ $2,196,530K
= 0.84
The quick ratio of Dover Corporation has shown fluctuations over the past five years, with a significant decrease from 0.30 in December 31, 2020, to 0.17 in December 31, 2021. This ratio further declined to 0.14 by December 31, 2022, indicating potential liquidity challenges. However, there was a slight improvement to 0.17 by December 31, 2023. Notably, there was a sharp increase in the quick ratio to 0.84 by December 31, 2024, signaling a substantial improvement in short-term liquidity position. The varying quick ratio values suggest that Dover Corporation may have experienced changes in its ability to meet short-term obligations with its liquid assets during this period. Further analysis of the financial performance and management of working capital may provide insights into the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024