Installed Building Products Inc (IBP)
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 | 327,600 | 406,200 | 380,300 | 399,900 | 386,500 | 339,759 | 255,226 | 218,690 | 229,627 | 203,402 | 69,940 | 217,434 | 333,485 | 191,435 | 203,911 | 207,343 | 231,520 | 267,471 | 252,488 | 187,187 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 24,996 | 94,865 | 49,980 | — | — | — | — | 0 | 1,220 | 16,688 | 26,487 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 359,000 | 376,700 | 352,600 | 339,700 | 346,400 | 324,676 | 314,534 | 316,338 | 328,061 | 358,562 | 362,890 | 327,528 | 307,569 | 284,791 | 264,015 | 245,302 | 236,475 | 222,241 | 214,049 | 201,565 |
| Quick ratio | 0.91 | 1.08 | 1.08 | 1.18 | 1.12 | 1.05 | 0.81 | 0.69 | 0.70 | 0.64 | 0.45 | 0.82 | 1.08 | 0.67 | 0.77 | 0.85 | 0.98 | 1.21 | 1.26 | 1.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($327,600K
+ $—K
+ $—K)
÷ $359,000K
= 0.91
The quick ratio of Installed Building Products Inc has fluctuated over the specified periods. It generally indicates the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 may suggest potential liquidity issues, as it implies the company may not have enough liquid assets to cover its current liabilities.
Installed Building Products Inc's quick ratio was relatively stable around 1.00 in 2020 and 2021, indicating a healthy liquidity position during those periods. However, the ratio declined to below 1 in the first half of 2022, raising concerns about its ability to cover short-term obligations.
Although the ratio improved in the second half of 2022 and continued to increase into 2023 and 2024, surpassing 1 in most quarters, suggesting a better ability to cover its short-term liabilities with its liquid assets.
Overall, the trend in Installed Building Products Inc's quick ratio shows some variability, but the recent improvements indicate a strengthening liquidity position, providing a more favorable outlook for meeting short-term obligations.
Peer comparison
Dec 31, 2024