Franklin Electric Co Inc (FELE)
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 | 220,540 | 106,273 | 58,104 | 65,314 | 84,963 | 62,507 | 53,227 | 51,873 | 45,790 | 39,523 | 33,225 | 38,581 | 40,536 | 75,952 | 81,597 | 118,331 | 130,787 | 114,480 | 43,083 | 39,987 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 433,727 | 393,165 | 346,090 | 316,248 | 287,039 | 327,920 | 432,677 | 486,861 | 405,769 | 461,808 | 539,527 | 491,588 | 396,014 | 401,473 | 387,005 | 200,354 | 203,704 | 187,866 | 173,896 | 191,387 |
| Quick ratio | 0.51 | 0.27 | 0.17 | 0.21 | 0.30 | 0.19 | 0.12 | 0.11 | 0.11 | 0.09 | 0.06 | 0.08 | 0.10 | 0.19 | 0.21 | 0.59 | 0.64 | 0.61 | 0.25 | 0.21 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($220,540K
+ $—K
+ $—K)
÷ $433,727K
= 0.51
The quick ratio of Franklin Electric Co Inc has fluctuated over the reporting periods provided. It started at a low of 0.21 as of March 31, 2020, indicating a weakened liquidity position. The ratio gradually improved to 0.64 by December 31, 2020, demonstrating better short-term liquidity. However, in the subsequent periods, the quick ratio experienced fluctuations, dropping to 0.08 by March 31, 2022, and then recovering slightly. The latest reported quick ratio as of December 31, 2024, stands at 0.51, suggesting an increase in liquidity compared to prior periods. Overall, the quick ratio trend indicates variable short-term liquidity levels, with periods of stronger and weaker liquidity positions.
Peer comparison
Dec 31, 2024