Hubbell Inc (HUBB)

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	329,100	435,700	397,200	388,200	336,100	572,800	492,600	429,800	440,500	366,900	424,200	359,000	286,200	257,900	265,400	433,800	258,600	269,200	485,000	300,000
Short-term investments	US$ in thousands	15,900	9,900	9,300	12,100	12,600	17,900	16,200	17,000	14,300	12,500	13,900	12,400	9,400	9,900	12,600	10,200	9,300	9,000	9,900	13,500
Receivables	US$ in thousands	756,000	894,800	893,200	865,600	785,400	852,900	811,200	778,300	741,600	800,500	780,500	777,900	675,300	798,300	762,300	703,100	553,300	711,400	644,100	707,700
Total current liabilities	US$ in thousands	1,274,200	1,396,700	1,258,500	1,348,700	1,323,400	1,071,400	1,069,800	1,052,100	1,088,500	1,062,500	1,002,900	962,100	1,065,200	1,035,400	999,400	1,148,700	948,200	792,700	880,700	841,300
Quick ratio		0.86	0.96	1.03	0.94	0.86	1.35	1.23	1.16	1.10	1.11	1.22	1.19	0.91	1.03	1.04	1.00	0.87	1.25	1.29	1.21

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($329,100K + $15,900K + $756,000K) ÷ $1,274,200K
= 0.86

The quick ratio of Hubbell Inc has shown some fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

From the provided data, the quick ratio ranged from a high of 1.35 on September 30, 2023, to a low of 0.86 on two occasions, December 31, 2020, and December 31, 2023. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its short-term liabilities, which is generally a positive sign for creditors and investors.

The company's quick ratio displayed some degree of volatility, with fluctuations in each reporting period. It is important for stakeholders to monitor the quick ratio over time to assess the company's liquidity position and ability to manage its short-term financial obligations effectively.

Overall, while the quick ratio has shown variability, it is essential to consider this metric alongside other financial ratios and factors to gain a comprehensive understanding of Hubbell Inc's financial health and liquidity position.