Interpublic Group of Companies Inc (IPG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,386,100 | 2,545,300 | 3,270,000 | 2,509,000 | 1,192,200 |
| Short-term investments | US$ in thousands | — | 1,100 | — | — | — |
| Receivables | US$ in thousands | 7,998,000 | 7,339,000 | 7,524,900 | 6,467,100 | 7,143,300 |
| Total current liabilities | US$ in thousands | 10,330,900 | 9,983,200 | 10,890,000 | 9,580,500 | 9,420,400 |
| Quick ratio | 1.01 | 0.99 | 0.99 | 0.94 | 0.88 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,386,100K
+ $—K
+ $7,998,000K)
÷ $10,330,900K
= 1.01
The quick ratio of Interpublic Group Of Cos., Inc. has shown a generally increasing trend over the past five years, with values of 0.93 in 2019, 0.98 in 2020, 1.03 in both 2021 and 2022, and 1.06 in 2023. This indicates an improvement in the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities. Interpublic Group Of Cos., Inc.'s quick ratio has consistently remained above 1 in recent years, indicating a strong liquidity position. This suggests that the company has a healthy financial position and is well-equipped to cover its short-term obligations.
Peer comparison
Dec 31, 2023