ITT Inc (ITT)

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 439,300 460,900 425,500 423,000 489,200 430,800 462,100 462,000 561,200 514,500 525,700 710,400 647,500 585,800 578,800 780,200 859,800 782,300 819,100 839,900
Short-term investments US$ in thousands 0 — — — 0 — — — 0 — — — 0 — — — 0 — — —
Receivables US$ in thousands 703,000 802,000 706,300 752,000 675,200 674,000 689,300 669,900 628,800 628,900 605,700 615,800 555,100 560,200 553,400 546,300 507,500 490,200 463,200 573,900
Total current liabilities US$ in thousands 1,333,200 1,274,700 1,241,400 1,197,000 1,037,800 1,044,000 1,174,100 1,121,400 1,185,500 1,269,100 1,303,400 1,242,300 928,300 899,200 900,000 826,500 871,000 866,000 947,600 1,107,000
Quick ratio 0.86 0.99 0.91 0.98 1.12 1.06 0.98 1.01 1.00 0.90 0.87 1.07 1.30 1.27 1.26 1.60 1.57 1.47 1.35 1.28

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($439,300K + $0K + $703,000K) ÷ $1,333,200K
= 0.86

The Quick Ratio of ITT Inc has shown some fluctuations over the reported periods. It started at a healthy level of 1.28 on March 31, 2020, indicating the company had enough liquid assets to cover its current liabilities. The ratio improved gradually, reaching a peak of 1.60 on March 31, 2021. However, there was a slight decline in the following quarters, with the ratio dropping to 0.87 on June 30, 2022.

The Quick Ratio continued to fluctuate between 0.86 and 1.12 over the subsequent periods, displaying some instability in the company's ability to meet its short-term obligations with its liquid assets. It is essential to note that a Quick Ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone.

Overall, ITT Inc's Quick Ratio has shown variability, which may indicate changes in the company's liquidity position. Further analysis of the company's liquidity management and operational efficiency may be necessary to better understand the reasons behind these fluctuations.