FMC Corporation (FMC)
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 | 302,400 | 323,800 | 941,500 | 494,400 | 572,000 | 363,800 | 591,500 | 365,100 | 516,800 | 341,000 | 728,500 | 416,700 | 568,900 | 297,100 | 342,700 | 436,200 | 339,100 | 419,700 | 83,400 | 109,500 |
| Short-term investments | US$ in thousands | — | — | — | 6,700 | 12,400 | 28,600 | 17,700 | — | -510,300 | 8,000 | 6,000 | 3,000 | 3,000 | 1,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,703,200 | 2,564,500 | 2,782,800 | 3,202,100 | 2,871,400 | 2,599,900 | 2,885,100 | 2,868,600 | 2,583,700 | 2,503,500 | 2,627,300 | 2,532,800 | 2,330,300 | 2,137,900 | 2,342,400 | 2,460,100 | 2,231,200 | 2,001,100 | 2,384,000 | 2,530,200 |
| Total current liabilities | US$ in thousands | 3,384,600 | 3,446,500 | 4,352,700 | 4,668,300 | 3,799,600 | 3,632,200 | 3,985,700 | 3,829,300 | 3,520,300 | 3,427,600 | 3,841,500 | 3,380,100 | 2,829,000 | 2,368,300 | 2,682,900 | 2,456,500 | 2,723,900 | 2,521,500 | 3,230,100 | 3,337,600 |
| Quick ratio | 0.89 | 0.84 | 0.86 | 0.79 | 0.91 | 0.82 | 0.88 | 0.84 | 0.74 | 0.83 | 0.88 | 0.87 | 1.03 | 1.03 | 1.00 | 1.18 | 0.94 | 0.96 | 0.76 | 0.79 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($302,400K
+ $—K
+ $2,703,200K)
÷ $3,384,600K
= 0.89
The quick ratio of FMC Corp. has shown some fluctuation over the past eight quarters. In Q4 2023, the quick ratio was 1.01, indicating that the company had $1.01 in liquid assets available to cover each $1 of current liabilities. This was slightly higher compared to the ratios observed in the previous quarters. The quick ratio ranged from 0.88 to 1.01 during this period, with the lowest ratio recorded in Q1 2023 and the highest in Q4 2023.
Overall, a quick ratio of around 1.0 is generally considered healthy, as it suggests that the company has sufficient liquid assets to meet its short-term obligations. However, it is important to monitor the trend in the quick ratio over time to assess the company's liquidity position accurately and ensure its ability to cover immediate liabilities without relying on selling inventory.
Peer comparison
Dec 31, 2023