Hillenbrand Inc (HI)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 199,300 | 223,800 | 224,400 | 198,400 | 242,900 | 290,500 | 315,100 | 193,900 | 232,200 | 282,500 | 442,900 | 446,300 | 446,100 | 476,200 | 344,900 | 265,800 | 302,200 | 263,100 | 374,000 | 142,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 410,600 | — | — | — | 1,900 | 1,900 | 1,900 | 1,100 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 652,800 | 680,400 | 678,200 | 639,700 | 658,900 | 598,700 | 634,000 | 596,900 | 525,600 | 501,800 | 479,500 | 446,400 | 445,400 | 417,800 | 442,600 | 465,900 | 417,600 | 463,400 | 480,100 | 550,200 |
| Total current liabilities | US$ in thousands | 1,189,100 | 1,213,600 | 1,212,100 | 1,230,800 | 1,291,000 | 1,179,300 | 1,313,800 | 1,263,900 | 1,077,800 | 1,054,700 | 1,074,300 | 1,029,400 | 1,035,100 | 1,023,000 | 920,500 | 875,500 | 852,100 | 769,000 | 805,200 | 879,800 |
| Quick ratio | 0.72 | 0.75 | 0.74 | 0.68 | 1.02 | 0.75 | 0.72 | 0.63 | 0.70 | 0.75 | 0.86 | 0.87 | 0.86 | 0.87 | 0.86 | 0.84 | 0.84 | 0.94 | 1.06 | 0.79 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($199,300K
+ $—K
+ $652,800K)
÷ $1,189,100K
= 0.72
The quick ratio of Hillenbrand Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In the most recent quarter, as of September 30, 2024, the quick ratio stood at 0.72, indicating that the company had $0.72 in liquid assets available to cover each $1 of its current liabilities. This level is lower compared to the quick ratio of 0.75 in the previous quarter, Jun 30, 2024.
Looking further back, the quick ratio has varied between 0.63 and 1.06 over the past few quarters, with some quarters showing stronger liquidity positions than others. It's worth noting that a quick ratio below 1 may indicate potential liquidity challenges, as the company may have difficulty meeting its short-term obligations without relying on external sources of financing.
Overall, the trend in Hillenbrand Inc's quick ratio suggests fluctuations in its liquidity position, which should be monitored closely to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024