FTI Consulting Inc (FCN)
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 | 660,493 | 386,344 | 226,428 | 243,960 | 303,222 | 201,148 | 203,539 | 238,539 | 491,688 | 327,047 | 255,730 | 271,143 | 494,485 | 342,527 | 256,875 | 233,421 | 294,953 | 304,658 | 304,206 | 223,063 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 25,461 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 931,759 | 823,176 | 713,894 | 627,700 | 892,769 | 708,531 | 644,701 | 538,452 | 769,491 | 648,999 | 570,894 | 509,930 | 718,116 | 645,622 | 562,562 | 495,778 | 670,171 | 608,261 | 517,468 | 451,341 |
| Quick ratio | 0.71 | 0.47 | 0.32 | 0.39 | 0.37 | 0.28 | 0.32 | 0.44 | 0.64 | 0.50 | 0.45 | 0.53 | 0.69 | 0.53 | 0.46 | 0.47 | 0.44 | 0.50 | 0.59 | 0.49 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($660,493K
+ $0K
+ $—K)
÷ $931,759K
= 0.71
The quick ratio of FTI Consulting Inc has shown some fluctuations over the past years, ranging from a low of 0.28 to a high of 0.71. The quick ratio provides an indication of the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio saw a downward trend from March 2020 to June 2020, reaching a low of 0.46. However, it showed improvement in the following quarters, peaking at 0.71 by December 2024. This indicates that FTI Consulting Inc had a higher proportion of liquid assets relative to current liabilities, which is a positive signal for the company's liquidity position.
Overall, the quick ratio of FTI Consulting Inc has demonstrated some variability but generally remained within a reasonable range, suggesting that the company has maintained a solid ability to cover its short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024