Everus Construction Group Inc (ECG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 86,012 | 1,567 | 2,112 | — |
| Short-term investments | US$ in thousands | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — |
| Total current liabilities | US$ in thousands | 513,370 | 452,183 | 473,701 | — |
| Quick ratio | 0.17 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($86,012K
+ $—K
+ $—K)
÷ $513,370K
= 0.17
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, indicating that a company can easily cover its current liabilities.
Based on the data provided for Everus Construction Group Inc, the quick ratio was unavailable for December 31, 2021. However, for subsequent years, the quick ratio was reported as 0.00 as of December 31, 2022 and December 31, 2023, and improved slightly to 0.17 as of December 31, 2024.
A quick ratio of 0.00 suggests that the company may have difficulty meeting its short-term obligations with its readily available assets alone. However, the slight improvement to 0.17 in December 31, 2024 indicates some enhancement in the company's liquidity position compared to the previous years.
Overall, the quick ratio trend indicates a room for improvement in the company's ability to quickly cover its current liabilities with its liquid assets. Monitoring this ratio over time can provide insights into Everus Construction Group Inc's financial health and liquidity management.
Peer comparison
Dec 31, 2024