Howmet Aerospace Inc (HWM)
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 | 564,000 | 475,000 | 753,000 | 534,000 | 610,000 | 424,000 | 535,000 | 537,000 | 791,000 | 453,000 | 537,000 | 520,000 | 720,000 | 724,000 | 715,000 | 1,238,000 | 1,610,000 | 1,365,000 | 1,281,000 | 2,591,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,549,000 | 1,517,000 | 2,358,000 | 1,698,000 | 1,784,000 | 1,454,000 | 1,410,000 | 1,403,000 | 1,482,000 | 1,381,000 | 1,322,000 | 1,255,000 | 1,253,000 | 1,208,000 | 1,227,000 | 1,680,000 | 1,660,000 | 1,577,000 | 1,658,000 | 4,107,000 |
| Quick ratio | 0.36 | 0.31 | 0.32 | 0.31 | 0.34 | 0.29 | 0.38 | 0.38 | 0.53 | 0.33 | 0.41 | 0.41 | 0.57 | 0.60 | 0.58 | 0.74 | 0.97 | 0.87 | 0.77 | 0.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($564,000K
+ $—K
+ $—K)
÷ $1,549,000K
= 0.36
The quick ratio of Howmet Aerospace Inc has shown fluctuations over the years, ranging from a low of 0.29 to a high of 0.97. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The trend in the quick ratio indicates that Howmet Aerospace Inc experienced some challenges in liquidity during certain periods, as reflected by the ratios below 1. However, it also managed to improve its liquidity position in some quarters, as seen with ratios above 0.7.
Overall, it is important to monitor the quick ratio closely to ensure that the company maintains a healthy level of liquidity to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024