EMCOR Group Inc (EME)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 789,750 | 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 | 358,818 | 368,073 | 213,374 | 252,031 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,203,490 | 3,063,920 | 2,852,100 | 2,669,360 | 2,567,400 | 2,510,580 | 2,439,590 | 2,303,450 | 2,204,520 | 2,181,730 | 2,102,740 | 2,037,520 | 1,922,100 | 1,942,340 | 1,936,440 | 2,055,480 | 2,030,800 | 1,926,760 | 1,946,810 | 1,797,480 |
| Total current liabilities | US$ in thousands | 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 | 1,938,610 | 1,793,370 | 1,704,570 | 1,673,180 |
| Quick ratio | 1.13 | 1.11 | 1.14 | 1.16 | 1.10 | 1.10 | 1.12 | 1.23 | 1.28 | 1.26 | 1.29 | 1.34 | 1.31 | 1.32 | 1.34 | 1.34 | 1.23 | 1.28 | 1.27 | 1.22 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($789,750K
+ $—K
+ $3,203,490K)
÷ $3,518,360K
= 1.13
The quick ratio of Emcor Group, Inc. has been relatively stable over the past eight quarters, ranging from 1.22 to 1.37. The quick ratio measures the company's ability to meet its short-term financial obligations with its most liquid assets.
A quick ratio above 1 indicates that Emcor Group, Inc. has an adequate level of liquid assets to cover its short-term liabilities. The trend of the quick ratio fluctuating between 1.22 and 1.37 suggests that the company has been able to maintain a healthy level of liquidity over time.
Overall, the consistent quick ratio above 1 indicates that Emcor Group, Inc. is well-positioned to manage its short-term financial obligations. However, it's important to monitor any significant changes in the quick ratio to ensure the company's liquidity remains stable in the future.
Peer comparison
Dec 31, 2023