Exponent Inc (EXPO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 258,901 | 187,150 | 161,458 | 297,687 | 197,525 |
| Short-term investments | US$ in thousands | — | — | — | 0 | 45,001 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 163,183 | 161,909 | 159,029 | 152,982 | 117,308 |
| Quick ratio | 1.59 | 1.16 | 1.02 | 1.95 | 2.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($258,901K
+ $—K
+ $—K)
÷ $163,183K
= 1.59
The quick ratio for Exponent Inc indicates the company's ability to meet its short-term obligations with its most liquid assets.
Looking at the trend from 2020 to 2024, we observe a fluctuation in the quick ratio. In 2020, the quick ratio stood at 2.07, indicating a strong ability to cover short-term liabilities with liquid assets. However, there was a slight decrease in 2021 to 1.95, although the ratio remained above 1, suggesting the company still had an adequate level of liquid assets to cover short-term obligations.
In 2022, there was a more significant drop in the quick ratio to 1.02, potentially indicating some challenges in meeting short-term liabilities with liquid assets. However, the ratio improved in 2023 to 1.16, showing a slight recovery in the company's liquidity position.
By 2024, the quick ratio increased further to 1.59, indicating a stronger ability to cover short-term obligations with liquid assets compared to the previous year.
Overall, while the quick ratio fluctuated over the years, it generally remained above 1, suggesting that Exponent Inc has maintained a satisfactory level of liquidity to meet its short-term obligations, albeit with some variability. Management should continue to monitor liquidity levels to ensure the company's financial health and ability to meet its short-term liabilities.
Peer comparison
Dec 31, 2024