ESAB Corp (ESAB)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 249,358 | 102,003 | 72,024 | 41,209 | 49,209 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 632,051 | 620,082 | 601,575 | 596,589 | 460,841 |
| Quick ratio | 0.39 | 0.16 | 0.12 | 0.07 | 0.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($249,358K
+ $—K
+ $—K)
÷ $632,051K
= 0.39
The quick ratio of ESAB Corp has shown variability over the five-year period from 2020 to 2024. Initially, in 2020, the quick ratio was at 0.11, indicating a lower level of liquidity. Subsequently, in 2021, it further declined to 0.07, reflecting a potential liquidity strain. However, in the following years, there was an improvement in the quick ratio. By the end of 2024, the quick ratio had increased significantly to 0.39, suggesting a healthier liquidity position for ESAB Corp. Overall, the trend indicates fluctuations in the company's ability to meet its short-term obligations with its most liquid assets over the period under consideration.
Peer comparison
Dec 31, 2024