Chart Industries Inc (GTLS)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 308,600 201,100 663,600 122,200 125,100
Short-term investments US$ in thousands 78,000
Receivables US$ in thousands
Total current liabilities US$ in thousands 1,789,800 1,866,200 1,081,600 693,900 634,800
Quick ratio 0.17 0.11 0.61 0.18 0.32

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($308,600K + $—K + $—K) ÷ $1,789,800K
= 0.17

The quick ratio of Chart Industries Inc has fluctuated over the past five years. It was 0.32 as of December 31, 2020, indicating that the company had $0.32 of liquid assets available to cover each dollar of current liabilities. However, this ratio decreased to 0.18 by December 31, 2021, suggesting a potential liquidity strain.

The ratio significantly improved to 0.61 by December 31, 2022, indicating better liquidity position. However, there was a notable decrease to 0.11 by December 31, 2023, reflecting a potential liquidity risk as the company may struggle to meet its short-term obligations.

By December 31, 2024, the quick ratio slightly recovered to 0.17, although it remains relatively low, signaling ongoing liquidity challenges. Overall, the fluctuating trend in the quick ratio of Chart Industries Inc highlights the importance of closely monitoring the company's ability to meet its short-term obligations with available liquid assets.