Everus Construction Group Inc (ECG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 1,567 | 2,112 | — |
| Short-term investments | US$ in thousands | — | — | — |
| Receivables | US$ in thousands | — | — | — |
| Total current liabilities | US$ in thousands | 452,183 | 473,701 | — |
| Quick ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,567K
+ $—K
+ $—K)
÷ $452,183K
= 0.00
The quick ratio of Everus Construction Group Inc for the years ending December 31, 2023 and December 31, 2022, is reported as 0.00. This indicates that the company's current assets available to cover its current liabilities, excluding inventory, are either extremely low or nonexistent. A quick ratio of 0.00 suggests that the company may have difficulty meeting its short-term financial obligations without relying on inventory, which may not be easily convertible to cash. The absence of a reported figure for the quick ratio in 2021 prevents a comparison for that year. This low quick ratio raises concerns about the company's liquidity position and ability to manage its short-term obligations effectively. Potential reasons for such a low quick ratio could include excessive levels of debt, inefficient working capital management, or insufficient liquid assets. Further evaluation of the company's financial performance and liquidity management strategies would be required to gain a more in-depth understanding of its current financial health.
Peer comparison
Dec 31, 2023