Chart Industries Inc (GTLS)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 188,300 | 663,600 | 122,200 | 125,100 | 119,000 |
| Short-term investments | US$ in thousands | — | — | — | 73,600 | — |
| Receivables | US$ in thousands | 758,900 | 512,800 | 236,300 | 200,800 | 202,600 |
| Total current liabilities | US$ in thousands | 1,866,200 | 1,081,600 | 693,900 | 634,800 | 378,300 |
| Quick ratio | 0.51 | 1.09 | 0.52 | 0.63 | 0.85 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($188,300K
+ $—K
+ $758,900K)
÷ $1,866,200K
= 0.51
The quick ratio of Chart Industries Inc has exhibited fluctuations over the past five years. In 2023, the quick ratio stands at 0.87, indicating a decrease from the previous year's ratio of 1.29 in 2022. This decline suggests that the company may have fewer liquid assets relative to its current liabilities compared to the prior year. In 2021, the quick ratio was 0.77, showing a slight improvement from 0.72 in 2020. However, the quick ratio was notably higher in 2019 at 1.20, indicating strong liquidity position at that time.
Overall, the trend in the quick ratio of Chart Industries Inc shows some variability, which could imply potential fluctuations in the company's ability to meet its short-term obligations with its most liquid assets. It would be essential for stakeholders to closely monitor the company's liquidity management strategies and operational efficiency to ensure sustainable financial health.