International Seaways Inc (INSW)
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 | 157,506 | 103,309 | 176,141 | 139,501 | 126,760 | 138,976 | 116,023 | 156,220 | 243,744 | 174,465 | 230,666 | 74,553 | 97,883 | 108,897 | 95,289 | 156,178 | 199,390 | 137,340 | 128,063 | 93,298 |
| Short-term investments | US$ in thousands | 0 | 50,000 | 4,532 | 75,000 | 60,000 | 75,000 | 120,000 | 105,000 | 80,000 | 80,000 | 763 | 2,061 | — | — | 149,580 | 144,770 | — | — | — | 151 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 130,935 | 103,292 | 111,733 | 179,750 | 195,574 | 187,337 | 247,281 | 227,478 | 257,389 | 220,881 | 208,902 | 245,274 | 234,611 | 280,937 | 200,720 | 97,727 | 108,896 | 102,822 | 130,545 | 132,629 |
| Quick ratio | 1.20 | 1.48 | 1.62 | 1.19 | 0.95 | 1.14 | 0.95 | 1.15 | 1.26 | 1.15 | 1.11 | 0.31 | 0.42 | 0.39 | 1.22 | 3.08 | 1.83 | 1.34 | 0.98 | 0.70 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($157,506K
+ $0K
+ $—K)
÷ $130,935K
= 1.20
The quick ratio of International Seaways Inc has displayed fluctuations over the analyzed period, ranging from a low of 0.31 to a high of 3.08. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In the initial quarters, the quick ratio was below 1, indicating that the company may have had difficulty meeting its current liabilities with its quick assets alone. However, as the ratio improved and exceeded 1, particularly in the latter half of the analysis period, it signaled that International Seaways had an increasing ability to cover its short-term obligations using its liquid assets.
Notably, the quick ratio peaked at 3.08 in March 31, 2021, suggesting a significant improvement in the company's short-term liquidity position. Subsequently, the ratio experienced some volatility but generally remained above 1, indicating a relatively healthy liquidity position.
The quick ratio fell notably in September 30, 2021, possibly indicating a temporary strain on the company's ability to cover its short-term obligations with its liquid assets. However, it recovered in the following quarters, albeit with some fluctuations.
Overall, the trend of the quick ratio suggests that International Seaways Inc has managed its liquidity effectively, ensuring it can meet its short-term obligations with its available liquid assets. It is essential for stakeholders to monitor this ratio to assess the company's ongoing liquidity position and its ability to navigate short-term financial challenges.
Peer comparison
Dec 31, 2024