Graco Inc (GGG)

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 675,336 764,453 666,006 622,728 537,951 525,785 520,633 395,313 339,196 414,827 413,359 380,487 624,302 603,828 482,787 460,616 378,909 424,674 432,708 456,656
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 405,808 360,373 362,335 351,687 395,200 395,888 489,338 381,698 399,917 430,768 424,058 402,313 506,792 427,214 358,724 323,520 321,389 326,453 310,380 311,763
Quick ratio 1.66 2.12 1.84 1.77 1.36 1.33 1.06 1.04 0.85 0.96 0.97 0.95 1.23 1.41 1.35 1.42 1.18 1.30 1.39 1.46

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($675,336K + $—K + $—K) ÷ $405,808K
= 1.66

Graco Inc's quick ratio has exhibited fluctuations over the last few years. The quick ratio, which measures a company's ability to meet its short-term liabilities with its most liquid assets, was at a healthy level above 1 in the initial period under review. However, there was a noticeable decline in the quick ratio towards the end of the observation period, falling below 1 in some quarters. This may indicate potential liquidity concerns or difficulties in meeting short-term obligations with the company's current liquid assets. It is important for investors and stakeholders to monitor Graco Inc's quick ratio closely to assess its liquidity position and financial health.