Illinois Tool Works Inc (ITW)
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 | 948,000 | 947,000 | 862,000 | 959,000 | 1,065,000 | 990,000 | 922,000 | 1,143,000 | 708,000 | 774,000 | 879,000 | 1,296,000 | 1,527,000 | 1,987,000 | 2,058,000 | 2,484,000 | 2,564,000 | 2,169,000 | 1,812,000 | 1,430,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,308,000 | 4,627,000 | 4,804,000 | 4,844,000 | 4,675,000 | 3,982,000 | 4,040,000 | 5,596,000 | 4,460,000 | 4,392,000 | 4,294,000 | 3,858,000 | 3,470,000 | 2,996,000 | 2,960,000 | 2,680,000 | 2,589,000 | 2,540,000 | 2,042,000 | 2,032,000 |
| Quick ratio | 0.22 | 0.20 | 0.18 | 0.20 | 0.23 | 0.25 | 0.23 | 0.20 | 0.16 | 0.18 | 0.20 | 0.34 | 0.44 | 0.66 | 0.70 | 0.93 | 0.99 | 0.85 | 0.89 | 0.70 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($948,000K
+ $—K
+ $—K)
÷ $4,308,000K
= 0.22
The quick ratio of Illinois Tool Works Inc has been fluctuating over the analyzed period. The ratio stood at 0.70 as of March 31, 2020, indicating that the company had $0.70 in liquid assets available to cover each dollar of current liabilities. It improved to 0.99 by December 31, 2020, suggesting a stronger liquidity position.
However, the quick ratio declined to 0.44 by December 31, 2021, and continued to decrease to 0.16 by December 31, 2022, indicating a potential strain on the company's ability to meet short-term obligations with its quick assets alone.
By the end of the analysis period, the quick ratio slightly recovered to 0.22 by December 31, 2024. Overall, the trend suggests fluctuations in the company's ability to meet its short-term obligations using quick assets only, highlighting the importance of careful monitoring of liquidity management by stakeholders.
Peer comparison
Dec 31, 2024