FMC Corporation (FMC)

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 357,300 416,700 471,500 417,800 302,400 323,800 941,500 494,400 572,000 363,800 591,500 365,100 516,800 341,000 728,500 416,700 568,900 297,100 342,700 436,200
Short-term investments US$ in thousands — — — 2,700 — — — 6,700 12,400 28,600 17,700 10,000 -510,300 4,300 3,400 7,900 100 1,000 — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 3,019,200 3,588,400 3,523,100 3,552,900 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
Quick ratio 0.12 0.12 0.13 0.12 0.09 0.09 0.22 0.11 0.15 0.11 0.15 0.10 0.00 0.10 0.19 0.13 0.20 0.13 0.13 0.18

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($357,300K + $—K + $—K) ÷ $3,019,200K
= 0.12

The quick ratio for FMC Corporation has shown fluctuations over the analyzed period. The ratio dropped to a low of 0.00 at the end of December 31, 2021, indicating the company's ability to meet its short-term obligations using its most liquid assets was severely constrained. This raised concerns about the company's short-term liquidity position.

There was a slight improvement in the quick ratio to 0.10 by March 31, 2022, but it again fell to 0.09 by September 30, 2023, signaling ongoing liquidity challenges. The ratio rebounded to 0.22 by June 30, 2023, suggesting a potential improvement in the company's liquidity position in the short term.

Despite this brief improvement, the quick ratio decreased to 0.12 by December 31, 2024, indicating the company may still have difficulty meeting its short-term obligations with its liquid assets. Overall, the fluctuating quick ratio for FMC Corporation suggests a varying ability to cover current liabilities with its most liquid assets over the analyzed period.