Element Solutions Inc (ESI)
Quick ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 499,200 | 359,400 | 376,000 | 309,300 | 286,300 | 289,300 | 329,600 | 282,400 | 279,000 | 265,600 | 234,000 | 215,600 | 218,800 | 330,100 | 279,300 | 318,400 | 317,500 | 291,900 | 248,400 | 237,300 |
| Short-term investments | US$ in thousands | — | — | — | 20,100 | 24,200 | 19,900 | 30,500 | 32,200 | 26,900 | 32,700 | 27,000 | 13,700 | 4,700 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 454,700 | 439,600 | 474,900 | 480,700 | 459,000 | 461,800 | 449,500 | 452,200 | 461,300 | 455,800 | 467,600 | 527,100 | 540,800 | 492,200 | 507,100 | 450,000 | 422,300 | 403,400 | 366,000 | 309,800 |
| Total current liabilities | US$ in thousands | 344,600 | 379,700 | 384,000 | 372,200 | 340,900 | 369,400 | 376,700 | 378,100 | 342,600 | 344,400 | 354,000 | 395,000 | 399,700 | 415,200 | 421,300 | 355,500 | 320,000 | 314,300 | 302,400 | 245,700 |
| Quick ratio | 2.77 | 2.10 | 2.22 | 2.18 | 2.26 | 2.09 | 2.15 | 2.03 | 2.24 | 2.19 | 2.06 | 1.91 | 1.91 | 1.98 | 1.87 | 2.16 | 2.31 | 2.21 | 2.03 | 2.23 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($499,200K
+ $—K
+ $454,700K)
÷ $344,600K
= 2.77
The quick ratio for Element Solutions Inc. has demonstrated consistent strength and stability over the analyzed period. Starting from 2.23 as of June 30, 2020, the ratio experienced slight fluctuations but maintained a generally high level, indicating a solid liquidity position in terms of liquid assets relative to current liabilities. Notable fluctuations include a dip to 1.87 on September 30, 2021, and a peak at 2.77 on March 31, 2025.
Throughout the periods, the quick ratio remained well above 1.0, confirming the company's ability to meet its short-term obligations without relying on inventory sales. Periodic small decreases and increases suggest minor adjustments in liquid asset management but do not indicate any significant liquidity issues. For most of the period, the ratio hovered around the 2.0 mark, reinforcing a prudent liquidity profile.
Overall, the trend reflects a resilient and healthy liquidity position, with the company consistently able to cover immediate liabilities with quickly accessible assets. The gradual increase towards 2025 suggests a potential strengthening of liquidity, further emphasizing robust short-term financial health.
Peer comparison
Mar 31, 2025