Flowserve Corporation (FLS)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 675,441 545,678 434,971 658,452 1,095,270
Short-term investments US$ in thousands
Receivables US$ in thousands
Total current liabilities US$ in thousands 1,468,080 1,438,580 1,243,150 1,131,800 1,141,630
Quick ratio 0.46 0.38 0.35 0.58 0.96

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($675,441K + $—K + $—K) ÷ $1,468,080K
= 0.46

The quick ratio of Flowserve Corporation has shown a decline from 0.96 as of December 31, 2020, to 0.58 as of December 31, 2021, and further dropped to 0.35 as of December 31, 2022. This indicates a potential strain on the company's liquidity position in the short term, as its ability to meet current liabilities with its most liquid assets has decreased significantly. However, there was a slight improvement to 0.38 as of December 31, 2023, followed by a further increase to 0.46 as of December 31, 2024. While the recent upward trend is positive, the quick ratio still remains below 1, highlighting the need for Flowserve Corporation to closely monitor and manage its short-term liquidity challenges to ensure financial stability and meet its obligations efficiently.


Peer comparison

Dec 31, 2024