Chart Industries Inc (GTLS)
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 | 308,600 | 310,200 | 250,600 | 191,900 | 201,100 | 147,100 | 189,800 | 166,900 | 663,600 | 89,500 | 149,700 | 99,700 | 122,200 | 102,900 | 197,800 | 114,900 | 125,100 | 120,700 | 122,500 | 89,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | -90,600 | -89,900 | — | — | — | — | — | — | 179,000 | 121,000 | 78,000 | 78,000 | 9,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,789,800 | 2,002,400 | 1,926,200 | 1,893,700 | 1,866,200 | 1,802,800 | 1,845,500 | 1,781,200 | 1,081,600 | 754,900 | 775,200 | 721,600 | 693,900 | 719,500 | 675,800 | 660,300 | 634,800 | 352,900 | 359,600 | 358,100 |
| Quick ratio | 0.17 | 0.15 | 0.13 | 0.10 | 0.11 | 0.03 | 0.05 | 0.09 | 0.61 | 0.12 | 0.19 | 0.14 | 0.18 | 0.39 | 0.47 | 0.29 | 0.32 | 0.37 | 0.34 | 0.25 |
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 shown fluctuations over the period under review. Starting at a low of 0.25 on March 31, 2020, the ratio increased to 0.47 on June 30, 2021, indicating an improvement in the company's ability to meet its short-term obligations with its most liquid assets. However, the ratio declined to 0.12 on September 30, 2022, pointing towards potential liquidity challenges during that period. The ratio fluctuated further until reaching 0.17 on December 31, 2024. Overall, the quick ratio demonstrates variability in the company's short-term liquidity position over the analyzed period.