H B Fuller Company (FUL)
Quick ratio
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 179,453 | 79,910 | 61,786 | 100,534 | 112,191 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 577,932 | 607,365 | 614,645 | 514,916 | 493,181 |
| Total current liabilities | US$ in thousands | 692,811 | 705,732 | 736,850 | 530,132 | 542,157 |
| Quick ratio | 1.09 | 0.97 | 0.92 | 1.16 | 1.12 |
December 2, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($179,453K
+ $—K
+ $577,932K)
÷ $692,811K
= 1.09
The quick ratio of H.B. Fuller Company has exhibited fluctuating trends over the past five years. The quick ratio, indicating the company's ability to meet short-term liabilities with its most liquid assets, was 1.26 in December 2023, showing an improvement from the previous year's 1.14. The company's quick ratio was 1.05 in November 2021, which suggests a decreased ability to cover short-term obligations compared to the prior year's ratio of 1.31. However, in November 2019, the quick ratio was 1.28, demonstrating an increase in the company's ability to meet short-term liabilities compared to the November 2021 ratio. Overall, the company's quick ratio has displayed variability, implying differing levels of liquidity in the short term over the past five years.