Iridium Communications Inc (IRDM)
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 | 93,526 | 159,588 | 63,541 | 174,025 | 71,870 | 67,877 | 103,456 | 126,592 | 168,770 | 218,762 | 227,197 | 232,015 | 320,913 | 287,004 | 213,408 | 214,835 | 237,178 | 182,702 | 119,115 | 67,289 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 98,803 | 96,457 | 96,189 | 93,025 | 91,715 | 100,718 | 92,147 | 100,636 | 82,273 | 86,847 | 75,006 | 80,055 | 63,410 | 70,390 | 63,958 | 59,895 | 61,151 | 59,340 | 60,397 | 64,485 |
| Total current liabilities | US$ in thousands | 169,214 | 135,314 | 117,506 | 113,001 | 131,554 | 119,003 | 124,241 | 116,321 | 141,577 | 126,836 | 105,990 | 95,686 | 108,836 | 93,464 | 86,914 | 88,317 | 113,072 | 100,671 | 101,942 | 89,327 |
| Quick ratio | 1.14 | 1.89 | 1.36 | 2.36 | 1.24 | 1.42 | 1.57 | 1.95 | 1.77 | 2.41 | 2.85 | 3.26 | 3.53 | 3.82 | 3.19 | 3.11 | 2.64 | 2.40 | 1.76 | 1.48 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($93,526K
+ $—K
+ $98,803K)
÷ $169,214K
= 1.14
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company can cover its current liabilities with its quick assets.
Based on the provided data for Iridium Communications Inc, the quick ratio has fluctuated over the past few years. As of December 31, 2024, the quick ratio was 1.14, indicating that the company may have some difficulty meeting its short-term obligations solely with its quick assets.
It's important to note that a quick ratio below 1 may suggest potential liquidity issues for the company, as it may not have enough quick assets to cover its current liabilities. Conversely, a quick ratio well above 1 signifies that the company is in a strong position to pay off its short-term debts.
Overall, Iridium Communications Inc should monitor its quick ratio closely to ensure it maintains a healthy liquidity position and can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024