Chart Industries Inc (GTLS)

Liquidity ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Current ratio	1.19	1.25	1.38	1.25	3.41	1.23	1.31	1.26	1.23	1.19	1.30	1.08	1.11	2.06	1.90	1.82	1.78	1.83	2.00	1.11
Quick ratio	0.51	0.44	0.47	0.53	1.09	0.49	0.55	0.49	0.52	0.72	0.78	0.63	0.63	0.83	0.85	0.79	0.85	0.84	0.99	0.48
Cash ratio	0.10	0.03	0.05	0.10	0.61	0.12	0.19	0.14	0.18	0.39	0.45	0.35	0.31	0.37	0.34	0.25	0.31	0.24	0.42	0.12

Chart Industries Inc's liquidity ratios show fluctuations over the past eight quarters. The current ratio has ranged from 1.19 to 3.41, indicating a declining trend in short-term liquidity over the periods. The current assets may not be sufficient to cover the current liabilities consistently. The quick ratio has varied between 0.76 and 1.29, showing mixed results in the ability to meet short-term liabilities with liquid assets excluding inventory. The cash ratio has fluctuated from 0.21 to 0.91, suggesting a significant volatility in the firm's ability to cover current liabilities with cash alone. Overall, a downward trend in liquidity ratios may signal potential cash flow issues or a need for improved working capital management.

Additional liquidity measure

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash conversion cycle	days	63.13	91.28	119.52	144.89	152.72	103.29	108.55	112.62	108.16	119.33	113.65	100.80	96.12	89.02	91.43	87.52	83.57	101.71	103.01	87.92

The cash conversion cycle of Chart Industries Inc has displayed fluctuating trends over the past eight quarters. In Q1 2022, the company had a cash conversion cycle of 157.03 days, which slightly decreased to 150.20 days in Q2 2022 before increasing in the following quarters.

The cash conversion cycle peaked at 212.72 days in Q1 2023, reflecting the company's inefficiency in managing its operating cycle, which includes the time it takes to convert inventory into sales and receive cash from customers. Subsequently, the company managed to reduce this cycle to 98.02 days in Q4 2023, indicating improvements in cash management efficiency.

Overall, the trend in the cash conversion cycle suggests that Chart Industries Inc has experienced variability in converting its resources into cash, with fluctuations in its working capital management effectiveness over the analyzed period. The company may benefit from further streamlining its operations to enhance cash flow management and optimize its cash conversion cycle.