Chart Industries Inc (GTLS)
Quick ratio
| 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 | US$ in thousands | 188,300 | 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 | 119,000 | 80,700 | 148,500 | 71,900 |
| Short-term investments | US$ in thousands | — | -90,600 | -89,900 | — | — | — | — | — | — | 179,800 | 108,200 | 114,600 | 73,600 | 9,000 | — | — | — | 9,600 | — | — |
| Receivables | US$ in thousands | 758,900 | 743,700 | 769,700 | 747,100 | 512,800 | 276,900 | 279,200 | 253,000 | 236,300 | 237,100 | 220,000 | 186,400 | 200,800 | 163,600 | 184,400 | 195,100 | 202,600 | 224,500 | 204,400 | 205,200 |
| Total current liabilities | US$ in thousands | 1,866,200 | 1,802,800 | 1,845,500 | 1,732,600 | 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 | 378,300 | 374,400 | 354,900 | 579,200 |
| 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 |
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 shown variability over the last eight quarters. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has ranged from a low of 0.76 in Q3 2022 to a high of 1.29 in Q4 2022.
In the recent quarters, the quick ratio has been around 0.86 to 0.90, indicating that the company may have had some challenges in meeting its short-term obligations with its quick assets. A quick ratio below 1 suggests that the company may have difficulty in paying off its current liabilities using only its most liquid assets.
It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to cover short-term liabilities. Further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of Chart Industries Inc's overall financial health.