EMCOR Group Inc (EME)
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 | 1,339,550 | 1,035,530 | 808,218 | 841,585 | 790,350 | 523,632 | 503,052 | 420,075 | 456,439 | 403,816 | 262,370 | 514,513 | 821,345 | 663,905 | 668,908 | 758,833 | 902,867 | 679,342 | 481,391 | 347,092 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,153,860 | 3,925,230 | 3,673,230 | 3,431,480 | 3,518,360 | 3,232,800 | 2,949,460 | 2,661,390 | 2,753,520 | 2,638,800 | 2,402,940 | 2,296,570 | 2,361,730 | 2,250,120 | 2,143,110 | 2,093,410 | 2,163,230 | 1,978,850 | 1,808,210 | 1,786,380 |
| Quick ratio | 0.32 | 0.26 | 0.22 | 0.25 | 0.22 | 0.16 | 0.17 | 0.16 | 0.17 | 0.15 | 0.11 | 0.22 | 0.35 | 0.30 | 0.31 | 0.36 | 0.42 | 0.34 | 0.27 | 0.19 |
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 fluctuating trends over the past few years. It has ranged from a low of 0.11 on June 30, 2022, to a high of 0.42 on December 31, 2020. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. Generally, a quick ratio below 1 indicates potential liquidity issues, as it suggests that the company may have difficulty paying off its current liabilities with its quick assets alone.
EMCOR Group Inc's quick ratio improved from the low levels seen in mid-2022 to 0.32 on December 31, 2024. However, it is essential to monitor this ratio over time to ensure that the company maintains a strong liquidity position and can meet its short-term obligations effectively. Additionally, further analysis and comparison with industry averages and peers can provide a more comprehensive understanding of EMCOR Group Inc's liquidity management.
Peer comparison
Dec 31, 2024