Interpublic Group of Companies Inc (IPG)
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 | 2,187,100 | 1,532,000 | 1,545,500 | 1,930,000 | 2,390,000 | 1,574,900 | 1,628,100 | 1,678,100 | 2,545,300 | 1,768,300 | 1,983,400 | 2,402,300 | 3,270,000 | 2,490,000 | 2,340,600 | 2,015,300 | 2,509,000 | 1,628,000 | 1,085,400 | 1,554,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 101,800 | 102,800 | 2,000 | 2,000 | 2,000 | 2,000 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,758,000 | 8,465,600 | 8,287,300 | 8,498,300 | 10,330,900 | 8,326,200 | 8,355,300 | 7,960,000 | 9,983,200 | 8,169,200 | 8,462,700 | 8,954,200 | 10,890,000 | 9,049,000 | 8,796,700 | 7,984,500 | 9,580,500 | 7,227,900 | 6,366,500 | 7,795,900 |
| Quick ratio | 0.22 | 0.18 | 0.19 | 0.23 | 0.23 | 0.20 | 0.21 | 0.21 | 0.26 | 0.22 | 0.23 | 0.27 | 0.30 | 0.28 | 0.27 | 0.25 | 0.26 | 0.23 | 0.17 | 0.20 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,187,100K
+ $—K
+ $—K)
÷ $9,758,000K
= 0.22
The quick ratio of Interpublic Group of Companies Inc has fluctuated over the past few years, ranging from a low of 0.17 in June 2020 to a high of 0.30 in December 2021. 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 shows some variability but generally indicates that the company has been able to improve its liquidity position over the years, with the ratio trending upwards from 0.17 in June 2020 to 0.22 in December 2024. This suggests that Interpublic Group of Companies Inc has been managing its short-term liquidity more efficiently.
However, it is important to note that while the quick ratio has improved, it still remains below 1 for most periods, indicating that the company may still have some challenges in meeting its short-term obligations with its liquid assets alone. Investors and stakeholders may want to monitor this ratio closely to ensure that the company's liquidity position remains stable and continues to improve over time.
Peer comparison
Dec 31, 2024