ESCO Technologies Inc (ESE)
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 | 51,396 | 41,866 | 56,052 | 48,221 | 51,900 | 97,724 | 61,019 | 54,324 | 55,700 | 56,232 | 78,359 | 45,700 | 57,362 | 52,560 | 104,739 | 100,195 | 96,692 | 61,808 | 38,956 | 34,955 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 194,400 | 198,600 | 192,146 | 180,817 | 159,658 | 164,645 | 168,720 | 140,497 | 135,874 | 146,341 | 135,343 | 124,580 | 143,675 | 144,082 | 138,080 | 157,050 | 160,714 | 174,427 | 168,675 | 159,923 |
| Total current liabilities | US$ in thousands | 304,693 | 314,651 | 308,951 | 297,055 | 292,760 | 318,129 | 292,095 | 277,795 | 265,874 | 274,995 | 253,392 | 246,583 | 254,623 | 255,484 | 242,415 | 251,029 | 252,030 | 251,635 | 199,736 | 201,945 |
| Quick ratio | 0.81 | 0.76 | 0.80 | 0.77 | 0.72 | 0.82 | 0.79 | 0.70 | 0.72 | 0.74 | 0.84 | 0.69 | 0.79 | 0.77 | 1.00 | 1.02 | 1.02 | 0.94 | 1.04 | 0.97 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($51,396K
+ $—K
+ $194,400K)
÷ $304,693K
= 0.81
The quick ratio of Esco Technologies, Inc. has fluctuated over the past eight quarters, ranging from a low of 1.21 in Q1 2023 to a high of 1.31 in Q1 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The trend in Esco Technologies' quick ratio indicates a generally healthy liquidity position, with the ratio consistently above 1.0 in each quarter, suggesting that the company has an adequate amount of liquid assets to cover its current liabilities.
In particular, the quick ratio has shown stability around 1.3 in recent quarters, indicating a relatively strong liquidity position. However, the slight decrease to 1.26 in Q4 2023 and 1.22 in Q2 2022 may warrant further monitoring to ensure the company can meet its short-term obligations comfortably.
Overall, Esco Technologies, Inc. appears to have maintained a solid liquidity position based on its quick ratio performance in the past eight quarters.
Peer comparison
Dec 31, 2023