Itron Inc (ITRI)
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 | 1,051,240 | 982,507 | 920,639 | 300,606 | 302,049 | 254,771 | 232,787 | 196,013 | 202,007 | 215,413 | 208,500 | 203,997 | 162,579 | 188,691 | 207,131 | 574,592 | 206,933 | 586,167 | 544,823 | 554,520 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 350,473 | 338,769 | 316,742 | 339,948 | 303,821 | 318,104 | 318,809 | 305,275 | 280,435 | 266,669 | 259,657 | 303,250 | 298,459 | 320,994 | 336,071 | 365,826 | 369,828 | 386,920 | 411,200 | 463,613 |
| Total current liabilities | US$ in thousands | 528,265 | 521,471 | 535,187 | 578,317 | 537,236 | 555,924 | 559,920 | 536,555 | 498,572 | 502,117 | 461,190 | 501,568 | 501,344 | 495,754 | 514,365 | 909,562 | 549,899 | 586,705 | 601,679 | 667,094 |
| Quick ratio | 2.65 | 2.53 | 2.31 | 1.11 | 1.13 | 1.03 | 0.99 | 0.93 | 0.97 | 0.96 | 1.02 | 1.01 | 0.92 | 1.03 | 1.06 | 1.03 | 1.05 | 1.66 | 1.59 | 1.53 |
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 has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term liabilities with its most liquid assets.
The quick ratio showed a general decreasing trend from December 2021 to March 2023, dropping as low as 0.92. This may suggest potential liquidity concerns or a reduction in the company's ability to cover its short-term obligations with its liquid assets during this period.
However, there was a slight recovery in the quick ratio from June 2023 to March 2024, reaching values above 1, indicating an improved ability to meet short-term obligations with liquid assets. The quick ratio surged significantly in June 2024, September 2024, and December 2024, reaching levels of 2.31, 2.53, and 2.65, respectively.
The increase in the quick ratio during the latter part of the period suggests a strengthening liquidity position and indicates that the company has more than enough liquid assets to cover its short-term liabilities. It is essential for investors and stakeholders to monitor these trends in the quick ratio to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024