Flowserve Corporation (FLS)
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 | 675,441 | 611,745 | 515,083 | 531,981 | 545,678 | 480,458 | 422,837 | 404,726 | 434,971 | 351,870 | 458,345 | 575,795 | 658,452 | 1,457,270 | 630,397 | 659,305 | 1,095,270 | 921,178 | 561,705 | 622,299 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,468,080 | 1,440,370 | 1,406,340 | 1,474,180 | 1,438,580 | 1,306,820 | 1,292,090 | 1,321,720 | 1,243,150 | 1,091,690 | 1,091,720 | 1,147,610 | 1,131,800 | 1,908,880 | 1,069,720 | 1,083,730 | 1,141,630 | 1,093,580 | 1,088,740 | 1,106,030 |
| Quick ratio | 0.46 | 0.42 | 0.37 | 0.36 | 0.38 | 0.37 | 0.33 | 0.31 | 0.35 | 0.32 | 0.42 | 0.50 | 0.58 | 0.76 | 0.59 | 0.61 | 0.96 | 0.84 | 0.52 | 0.56 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($675,441K
+ $—K
+ $—K)
÷ $1,468,080K
= 0.46
Flowserve Corporation's quick ratio has displayed some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.
The quick ratio started at a relatively low level of 0.56 on March 31, 2020, indicating a potential liquidity challenge. It decreased further to 0.52 by June 30, 2020, before showing improvement in the subsequent quarters, reaching its highest point of 0.96 on December 31, 2020.
However, the quick ratio fluctuated thereafter, with mixed performance observed. It dropped to 0.50 on March 31, 2022, and further decreased to 0.32 by September 30, 2022, potentially signaling liquidity concerns. The ratio slightly recovered to 0.38 by December 31, 2023, before peaking again at 0.46 on December 31, 2024.
Overall, the quick ratio trends suggest that Flowserve Corporation experienced fluctuations in its liquidity position during the period under review. It is essential for the company to closely monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024