H B Fuller Company (FUL)
Quick ratio
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 169,352 | 179,453 | 79,910 | 61,786 | 100,534 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 558,336 | 577,932 | 607,365 | 614,645 | 514,916 |
| Total current liabilities | US$ in thousands | 719,290 | 692,811 | 705,732 | 736,850 | 530,132 |
| Quick ratio | 1.01 | 1.09 | 0.97 | 0.92 | 1.16 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($169,352K
+ $—K
+ $558,336K)
÷ $719,290K
= 1.01
The quick ratio of H B Fuller Company has fluctuated over the past five years, ranging from 0.92 to 1.16. A quick ratio above 1 indicates that the company has a sufficient level of liquid assets to cover its current liabilities. While the ratio dipped below 1 in November 27, 2021, indicating a potential liquidity concern, it has generally improved over the following years, reaching 1.09 in December 2, 2023. This suggests that the company may have strengthened its liquidity position and improved its ability to meet short-term obligations. However, the ratio decreased again to 1.01 by November 30, 2024, which warrants continued monitoring to ensure adequate liquidity management in the future.
Peer comparison
Nov 30, 2024