Fluor Corporation (FLR)
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 | 2,829,000 | 2,912,000 | 2,629,000 | 2,335,000 | 2,519,000 | 2,421,000 | 2,262,000 | 2,137,000 | 2,439,000 | 2,436,000 | 2,074,000 | 1,913,000 | 2,209,380 | 2,125,520 | 2,711,120 | 1,937,800 | 2,198,780 | 1,870,870 | 1,997,200 | 1,870,870 |
| Short-term investments | US$ in thousands | 130,000 | 94,000 | 79,000 | 74,000 | 69,000 | 64,000 | 60,000 | 174,000 | 185,000 | 155,000 | 120,000 | 203,000 | 127,222 | 67,164 | 31,651 | 18,698 | 23,345 | 6,477 | 7,262 | 6,477 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,071,000 | 2,982,000 | 2,837,000 | 2,947,000 | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,904,060 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,710,550 | 3,932,060 | 3,710,550 |
| Quick ratio | 0.96 | 1.01 | 0.95 | 0.82 | 0.82 | 0.79 | 0.73 | 0.73 | 0.82 | 0.81 | 0.70 | 0.66 | 0.60 | 0.60 | 0.73 | 0.57 | 0.62 | 0.51 | 0.51 | 0.51 |
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 fluctuating trends over the past few years. It stood at 0.51 as of March 31, 2020, which indicates that the company had $0.51 in liquid assets to cover each dollar of current liabilities. The ratio remained relatively stable around 0.5 in the subsequent quarters of 2020 and early 2021.
There was a notable improvement by the end of December 31, 2021, where the quick ratio increased to 0.62, suggesting an enhancement in the company's liquidity position. However, the ratio dipped slightly to 0.57 by March 31, 2021, before rebounding to 0.73 by June 30, 2021.
Throughout 2022 and the first three quarters of 2023, the quick ratio continued to vary within the range of 0.60 to 0.82, indicating some level of stability in the company's ability to meet its short-term obligations using its quick assets.
By the end of December 31, 2024, the quick ratio improved significantly to 0.96, showing a strong liquidity position compared to the previous periods. The ratio continued to rise in the following quarters, reaching 1.01 as of September 30, 2024, indicating that the company had more than enough liquid assets to cover its current liabilities, which is a positive sign for Fluor Corporation's financial health.
Overall, the increasing trend in the quick ratio from 2021 to 2024 reflects improved liquidity management by Fluor Corporation, suggesting a strengthened ability to meet its short-term obligations using its readily available assets.
Peer comparison
Dec 31, 2024