EMCOR Group Inc (EME)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,339,550 | 789,750 | 456,439 | 821,345 | 902,867 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,153,860 | 3,518,360 | 2,753,520 | 2,361,730 | 2,163,230 |
| Quick ratio | 0.32 | 0.22 | 0.17 | 0.35 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,339,550K
+ $—K
+ $—K)
÷ $4,153,860K
= 0.32
The quick ratio of EMCOR Group Inc has shown fluctuations over the past five years. It decreased from 0.42 in December 31, 2020, to 0.35 in December 31, 2021. Subsequently, there was a significant drop to 0.17 in December 31, 2022, indicating a potential liquidity concern. However, there was a slight improvement to 0.22 in December 31, 2023, and further recovery to 0.32 in December 31, 2024. The quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its most liquid assets alone. Investors and creditors should closely monitor EMCOR Group Inc's liquidity position and its ability to cover immediate liabilities as reflected by the quick ratio.
Peer comparison
Dec 31, 2024