H B Fuller Company (FUL)
Quick ratio
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 169,352 | 131,412 | 114,823 | 165,249 | 179,453 | 94,934 | 103,183 | 125,482 | 79,910 | 60,708 | 68,149 | 63,511 | 61,786 | 68,134 | 69,597 | 81,192 | 100,534 | 74,922 | 70,346 | 78,738 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 558,336 | 574,781 | 571,134 | 525,689 | 577,932 | 576,060 | — | — | 607,365 | 649,727 | 644,544 | 616,274 | 614,645 | 572,855 | 583,270 | 504,994 | 514,916 | 476,099 | 448,126 | 457,826 |
| Total current liabilities | US$ in thousands | 719,290 | 704,947 | 684,067 | 653,177 | 692,811 | 618,346 | 660,832 | 643,176 | 705,732 | 737,391 | 721,983 | 721,936 | 736,850 | 709,734 | 651,672 | 568,245 | 530,132 | 455,436 | 491,762 | 543,315 |
| Quick ratio | 1.01 | 1.00 | 1.00 | 1.06 | 1.09 | 1.09 | 0.16 | 0.20 | 0.97 | 0.96 | 0.99 | 0.94 | 0.92 | 0.90 | 1.00 | 1.03 | 1.16 | 1.21 | 1.05 | 0.99 |
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 shown some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
From February 29, 2020, to August 28, 2021, the quick ratio of H B Fuller Company generally stayed above 1, with a peak of 1.21 in August 29, 2020. This suggests a healthy level of liquidity during this period. However, from November 27, 2021, to June 3, 2023, the quick ratio declined significantly, dropping to as low as 0.16 in June 3, 2023. This may indicate potential liquidity constraints or difficulties in meeting short-term obligations.
Subsequently, the quick ratio improved from September 2, 2023, onwards, reaching a stable level above 1. This indicates a recovery in the company's liquidity position and its ability to meet short-term obligations more effectively.
Overall, the quick ratio of H B Fuller Company has exhibited some volatility over the analyzed period, with potential implications for its short-term financial health. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's liquidity risk and financial stability.
Peer comparison
Nov 30, 2024