Hillenbrand Inc (HI)
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 | 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 | 399,000 | 64,400 | 58,600 |
| Short-term investments | US$ in thousands | — | 410,600 | — | — | — | 1,900 | 1,900 | 1,900 | 1,100 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 398,500 | 357,400 | 364,300 |
| Total current liabilities | US$ in thousands | 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 | 589,300 | 526,300 | 505,800 |
| Quick ratio | 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 | 1.35 | 0.80 | 0.84 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($198,400K
+ $—K
+ $639,700K)
÷ $1,230,800K
= 0.68
The quick ratio of Hillenbrand Inc has shown some variability over the past few quarters. The quick ratio is a measure of a company's ability to meet short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
In Q1 2024 and Q4 2023, the quick ratio remained constant at 0.79, indicating that the company had $0.79 in liquid assets to cover every $1 of current liabilities. This could suggest a stable liquidity position during those periods.
In Q3 2023 and Q2 2023, the quick ratio improved slightly to 0.86 and 0.81 respectively. This indicates an increase in the company's ability to meet short-term obligations with its liquid assets compared to the previous quarters.
Conversely, in Q1 2023, the quick ratio decreased to 0.73, indicating a potential liquidity strain during that period. However, it improved to 0.81 in Q4 2022, and further to 0.85 in Q3 2022, showing some recovery and strengthened liquidity position during those quarters.
The highest quick ratio of 0.96 was observed in Q2 2022, indicating a strong ability to cover short-term obligations with liquid assets during that particular period.
Overall, the variability in the quick ratio of Hillenbrand Inc suggests fluctuations in the company's liquidity position over the examined quarters. It would be advisable for investors and stakeholders to further investigate the reasons behind these changes to assess the company's short-term solvency and financial health.
Peer comparison
Dec 31, 2023