Entegris Inc (ENTG)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 329,213 456,929 561,559 402,565 580,893
Short-term investments US$ in thousands — 21,451 32,481 — —
Receivables US$ in thousands 495,312 457,052 535,485 347,413 264,392
Total current liabilities US$ in thousands 525,178 513,995 761,931 379,001 302,626
Quick ratio 1.57 1.82 1.48 1.98 2.79

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($329,213K + $—K + $495,312K) ÷ $525,178K
= 1.57

The quick ratio of Entegris Inc has shown a decreasing trend over the past five years, starting at 2.79 in December 2020 and declining to 1.57 by December 2024. This ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.

While the quick ratio remained relatively high in 2020, signaling a strong liquidity position, the subsequent years saw a gradual decline, suggesting a potential decrease in the company's ability to cover its current liabilities with its quick assets.

Although the ratio fluctuated, it generally stayed above the ideal threshold of 1, indicating that Entegris Inc has maintained a sufficient level of liquid assets compared to its short-term liabilities. However, the downward trend in recent years may warrant further investigation into the company's liquidity management and short-term financial health.