Fortune Brands Innovations Inc. (FBIN)
Quick ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 381,100 | 344,800 | 352,600 | 359,700 | 366,400 | 453,400 | 681,700 | 539,100 | 642,500 | 345,300 | 360,600 | 378,200 | 425,600 | 460,700 | 460,000 | 356,100 | 419,100 | 464,500 | 398,400 | 359,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 73,000 | 84,600 | — | — | — | 45,900 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 514,400 | 555,900 | 593,600 | 615,900 | 534,200 | 578,600 | 621,200 | — | 521,800 | 936,100 | 998,500 | 1,011,600 | 885,700 | 921,800 | 844,600 | 828,500 | 734,900 | 765,200 | 657,700 | 678,200 |
| Total current liabilities | US$ in thousands | 1,602,300 | 1,532,200 | 1,548,000 | 1,062,500 | 1,200,400 | 1,192,100 | 1,640,700 | 1,413,200 | 1,544,700 | 2,047,900 | 1,441,500 | 1,354,800 | 1,971,100 | 1,528,800 | 1,364,700 | 1,197,000 | 1,345,100 | 1,135,000 | 952,800 | 1,246,100 |
| Quick ratio | 0.56 | 0.59 | 0.61 | 0.92 | 0.75 | 0.87 | 0.79 | 0.43 | 0.81 | 0.63 | 0.94 | 1.03 | 0.69 | 0.90 | 0.96 | 0.99 | 0.86 | 1.08 | 1.11 | 0.83 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($381,100K
+ $—K
+ $514,400K)
÷ $1,602,300K
= 0.56
The quick ratio of Fortune Brands Innovations Inc. has varied over the years, ranging from a low of 0.43 to a high of 1.11. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities, while a ratio below 1 suggests potential liquidity issues.
Looking at the trend, the company's quick ratio fluctuated throughout the periods under review, showing some inconsistency in its ability to quickly cover its short-term obligations. The ratio reached its peak at 1.11 in June 2020, indicating a strong liquidity position at that time. However, it decreased to 0.43 in March 2023, signaling potential challenges in meeting immediate financial obligations.
It is important for Fortune Brands Innovations Inc. to closely monitor its quick ratio and ensure that it remains at an acceptable level to maintain financial stability and meet its short-term obligations effectively. Further analysis of the company's current assets and current liabilities may provide additional insights into its liquidity position and financial health.
Peer comparison
Dec 31, 2024