WW Grainger Inc (GWW)
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 | 1,036,000 | 1,448,000 | 769,000 | 804,000 | 660,000 | 601,000 | 515,000 | 461,000 | 325,000 | 315,000 | 262,000 | 364,000 | 241,000 | 328,000 | 547,000 | 562,000 | 585,000 | 859,000 | 1,603,000 | 1,492,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,305,000 | 2,383,000 | 2,397,000 | 2,528,000 | 1,831,000 | 1,898,000 | 1,920,000 | 1,924,000 | 2,010,000 | 1,785,000 | 1,750,000 | 1,742,000 | 1,528,000 | 1,550,000 | 1,589,000 | 1,531,000 | 1,441,000 | 1,441,000 | 1,388,000 | 1,500,000 |
| Quick ratio | 0.45 | 0.61 | 0.32 | 0.32 | 0.36 | 0.32 | 0.27 | 0.24 | 0.16 | 0.18 | 0.15 | 0.21 | 0.16 | 0.21 | 0.34 | 0.37 | 0.41 | 0.60 | 1.15 | 0.99 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,036,000K
+ $—K
+ $—K)
÷ $2,305,000K
= 0.45
The quick ratio of WW Grainger Inc has fluctuated over the past few years, ranging from a low of 0.15 to a high of 1.15. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio declined sharply from June 2021 to December 2021, reaching a low of 0.16, indicating a potential liquidity strain during that period. However, there was a slight improvement in the quick ratio in the following quarters.
As of December 31, 2024, the quick ratio stands at 0.45, suggesting that the company has improved its ability to cover its short-term liabilities with its quick assets. Overall, investors and stakeholders should continue to monitor WW Grainger Inc's quick ratio to ensure the company's liquidity position remains stable and adequate to meet its financial obligations.