Fluor Corporation (FLR)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,519,000 | 2,421,000 | 2,262,000 | 2,137,000 | 2,439,000 | 2,436,000 | 2,074,000 | 1,913,000 | 2,209,000 | 2,125,520 | 2,711,120 | 1,937,800 | 2,198,780 | 2,093,780 | 1,969,590 | 1,870,870 | 1,997,200 | 1,805,100 | 1,857,280 | 1,805,780 |
| Short-term investments | US$ in thousands | 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 | 17,514 | 12,711 | 6,477 | 7,262 | 47,873 | 73,098 | 98,733 |
| Receivables | US$ in thousands | 1,137,000 | 1,174,000 | 1,163,000 | 1,088,000 | 1,109,000 | 1,007,000 | 993,000 | 998,000 | 901,228 | 838,425 | 892,261 | 862,305 | 1,181,590 | 1,083,350 | 1,146,760 | 1,097,800 | 1,075,250 | 1,045,750 | 1,490,770 | 1,380,480 |
| Total current liabilities | US$ in thousands | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,614,000 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,544,610 | 3,605,080 | 3,710,550 | 3,905,120 | 3,855,840 | 4,061,620 | 3,647,580 |
| Quick ratio | 1.18 | 1.17 | 1.09 | 1.07 | 1.16 | 1.12 | 1.02 | 0.97 | 0.90 | 0.84 | 0.97 | 0.82 | 0.95 | 0.90 | 0.87 | 0.80 | 0.79 | 0.75 | 0.84 | 0.90 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,519,000K
+ $69,000K
+ $1,137,000K)
÷ $3,163,000K
= 1.18
The quick ratio of Fluor Corporation has been relatively stable over the past eight quarters, ranging from 1.43 to 1.61. This indicates that the company has consistently maintained a strong ability to meet its short-term financial obligations using its most liquid assets. The quick ratio above 1 suggests that Fluor Corporation possesses an adequate level of liquid assets to cover its current liabilities, providing a cushion against potential liquidity risks. Additionally, the slight fluctuations in the quick ratio may reflect varying levels of efficiency in managing its short-term liquidity, but overall, the company appears to have a solid liquidity position.
Peer comparison
Dec 31, 2023