Itron Inc (ITRI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,051,240 | 302,049 | 202,007 | 162,579 | 206,933 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 350,473 | 303,821 | 280,435 | 298,459 | 369,828 |
| Total current liabilities | US$ in thousands | 528,265 | 537,236 | 498,572 | 501,344 | 549,899 |
| Quick ratio | 2.65 | 1.13 | 0.97 | 0.92 | 1.05 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,051,240K
+ $—K
+ $350,473K)
÷ $528,265K
= 2.65
The quick ratio of Itron Inc, a measurement of its ability to cover short-term obligations with its most liquid assets, has fluctuated over the years. In December 31, 2020, the quick ratio was 1.05, indicating that the company had just enough liquid assets to cover its current liabilities. However, by December 31, 2021, the quick ratio decreased to 0.92, suggesting a potential liquidity issue as the company may struggle to meet its short-term obligations with its current liquid assets.
In the following years, the quick ratio improved, reaching 0.97 on December 31, 2022, and 1.13 on December 31, 2023. These ratios indicate a better liquidity position compared to the previous year, with the company having more liquid assets to cover its short-term liabilities.
The most significant improvement in the quick ratio was observed on December 31, 2024, when it dramatically increased to 2.65. This substantial increase indicates a significant improvement in the company's liquidity position, suggesting that Itron Inc has ample liquid assets to comfortably cover its short-term obligations.
Overall, the trend in Itron Inc's quick ratio shows fluctuations in liquidity over the years, with improvements seen in recent years, culminating in a notably strong quick ratio by December 31, 2024.
Peer comparison
Dec 31, 2024