Exponent Inc (EXPO)
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 | 187,150 | 137,099 | 148,174 | 125,649 | 161,458 | 148,443 | 165,619 | 215,050 | 297,687 | 229,785 | 239,953 | 184,521 | 197,525 | 187,632 | 155,932 | 105,594 | 176,436 | 132,843 | 104,452 | 79,080 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 24,998 | — | 29,999 | 45,001 | 20,086 | 34,220 | 46,449 | 55,165 | 77,125 | 90,022 | 92,680 |
| Receivables | US$ in thousands | 167,360 | 181,754 | 175,830 | 173,064 | 170,114 | 166,014 | — | — | 139,861 | — | — | — | 111,565 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 161,909 | 129,657 | 124,540 | 109,179 | 159,029 | 137,917 | 127,534 | 109,110 | 152,982 | 126,418 | 122,966 | 87,942 | 117,308 | 96,371 | 89,783 | 77,099 | 123,960 | 101,034 | 92,884 | 72,193 |
| Quick ratio | 2.19 | 2.46 | 2.60 | 2.74 | 2.08 | 2.28 | 1.30 | 1.97 | 2.86 | 2.02 | 1.95 | 2.44 | 3.02 | 2.16 | 2.12 | 1.97 | 1.87 | 2.08 | 2.09 | 2.38 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($187,150K
+ $—K
+ $167,360K)
÷ $161,909K
= 2.19
The quick ratio of Exponent Inc has shown fluctuation over the past few quarters, ranging from a low of 1.30 to a high of 3.02. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
The quick ratio has generally been healthy, mostly staying above 2, which suggests that Exponent Inc has a strong ability to cover its short-term obligations with its liquid assets. The company's quick ratio peaked at 3.02 in December 2020, indicating a significant increase in its liquidity position at that time.
However, there have been some quarters where the quick ratio dropped below 2, such as in June 2022 and March 2020. During these periods, Exponent Inc may have faced challenges in meeting its short-term obligations with its current level of liquid assets.
Overall, the trend in Exponent Inc's quick ratio indicates a generally healthy financial position in terms of liquidity, with the company typically maintaining a comfortable buffer to cover its short-term liabilities. Management should continue to monitor and manage the quick ratio to ensure the company's liquidity remains robust.
Peer comparison
Dec 31, 2023