ESCO Technologies Inc (ESE)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 65,963 | 63,042 | 59,436 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 240,680 | 213,592 | 187,535 | 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 |
| Total current liabilities | US$ in thousands | 349,854 | 311,207 | 288,930 | 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 |
| Quick ratio | 0.88 | 0.89 | 0.85 | 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 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($65,963K
+ $—K
+ $240,680K)
÷ $349,854K
= 0.88
The quick ratio of ESCO Technologies Inc has fluctuated over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Looking at the data provided, the quick ratio for ESCO Technologies Inc has ranged from a low of 0.69 to a high of 1.02 over the past two years. In general, a quick ratio of 1 indicates that the company has just enough liquid assets to cover its current liabilities.
The trend of ESCO's quick ratio shows some volatility, with fluctuations observed in the ratio quarter on quarter. The quick ratio was below 1 in most periods, indicating that the company may have had challenges meeting its short-term obligations with its most liquid assets. However, it is worth noting that the quick ratio improved significantly in the most recent periods, reaching 1.02 in the latest two quarters, which indicates a healthier liquidity position.
Overall, while the company's quick ratio has shown variability, the recent improvement suggests a strengthening liquidity position that may indicate better short-term financial stability for ESCO Technologies Inc.
Peer comparison
Sep 30, 2024