Eagle Materials Inc (EXP)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 20,401 | 34,925 | 15,242 | 19,416 | 263,520 |
| Short-term investments | US$ in thousands | — | — | — | — | 18,031 |
| Receivables | US$ in thousands | 222,352 | 212,895 | 211,319 | 183,478 | 149,971 |
| Total current liabilities | US$ in thousands | 245,004 | 239,409 | 212,889 | 207,551 | 169,354 |
| Quick ratio | 0.99 | 1.04 | 1.06 | 0.98 | 2.55 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($20,401K
+ $—K
+ $222,352K)
÷ $245,004K
= 0.99
The quick ratio of Eagle Materials Inc has seen some fluctuations over the years, indicating changes in the company's liquidity position.
As of March 31, 2021, the quick ratio stood at a healthy 2.55, suggesting that the company had more than enough liquid assets to cover its current liabilities. However, there was a significant drop in the quick ratio to 0.98 by March 31, 2022, signaling a potential liquidity strain.
Subsequently, the quick ratio improved slightly to 1.06 by March 31, 2023, followed by a slight decline to 1.04 by March 31, 2024. Most recently, as of March 31, 2025, the quick ratio decreased further to 0.95, indicating potential challenges in meeting short-term obligations with its current liquid assets.
Overall, the trend in the quick ratio suggests that Eagle Materials Inc may be experiencing some fluctuations in its liquidity position over the years, and stakeholders should closely monitor changes in the company's ability to meet its short-term financial obligations.