Entegris Inc (ENTG)

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 329,213 432,072 320,008 340,682 456,929 594,020 565,878 707,838 561,559 752,787 252,950 352,732 402,565 475,752 401,033 548,520 580,893 447,972 532,667 335,077
Short-term investments US$ in thousands — -6,379 16,578 18,135 21,451 31,827 34,382 28,213 32,481 19,255 — — — — — — — 38,100 — —
Receivables US$ in thousands 495,312 503,165 457,107 424,494 457,052 463,083 435,973 — 535,485 — — — 347,413 — — — — — — —
Total current liabilities US$ in thousands 525,178 586,691 439,858 469,982 513,995 683,159 646,289 781,623 761,931 841,021 393,135 371,661 379,001 309,413 260,530 266,271 302,626 247,373 237,955 201,990
Quick ratio 1.57 1.58 1.80 1.67 1.82 1.59 1.60 0.94 1.48 0.92 0.64 0.95 1.98 1.54 1.54 2.06 1.92 1.96 2.24 1.66

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 fluctuations over the analyzed period. It started at a healthy level of 1.66 on March 31, 2020, indicating the company's ability to cover its short-term liabilities with quick assets. The ratio improved significantly to 2.24 on June 30, 2020, suggesting stronger short-term liquidity.

However, the quick ratio declined to 1.54 by June 30, 2021, signaling a potential decrease in the company's ability to meet its short-term obligations without relying on inventory. This trend continued to September 30, 2021, before slightly recovering to 1.98 by December 31, 2021.

The quick ratio then experienced more fluctuations, dropping to 0.95 on March 31, 2022, which may raise concerns about liquidity challenges. The ratio improved to 1.60 by June 30, 2023, before decreasing again to 1.57 by December 31, 2024. Overall, the varying quick ratio values suggest the need for careful monitoring of Entegris Inc's short-term liquidity position to ensure it can meet its obligations efficiently.