Fluor Corporation (FLR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,829,000 | 2,519,000 | 2,439,000 | 2,209,380 | 2,198,780 |
| Short-term investments | US$ in thousands | 130,000 | 69,000 | 185,000 | 127,222 | 23,345 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,071,000 | 3,163,000 | 3,216,000 | 3,904,060 | 3,572,040 |
| Quick ratio | 0.96 | 0.82 | 0.82 | 0.60 | 0.62 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,829,000K
+ $130,000K
+ $—K)
÷ $3,071,000K
= 0.96
The quick ratio of Fluor Corporation has shown some fluctuation over the past five years. In 2020, the quick ratio was 0.62, indicating that the company had $0.62 of liquid assets available to cover each $1 of current liabilities. This ratio decreased slightly to 0.60 in 2021, suggesting a potential liquidity concern.
However, in 2022, the quick ratio improved to 0.82 and maintained this level in 2023. This indicates that Fluor Corporation had a higher proportion of liquid assets relative to its current liabilities during these years, which is a positive sign for the company's short-term liquidity position.
By the end of 2024, the quick ratio further increased to 0.96, signaling a significant improvement in the company's ability to meet its short-term obligations with liquid assets. Overall, the trend in Fluor Corporation's quick ratio suggests a strengthening liquidity position over the years, providing some assurance of the company's ability to handle its short-term financial obligations.
Peer comparison
Dec 31, 2024