John Bean Technologies Corporation (JBT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 483,300 | 71,700 | 78,800 | 47,500 | 39,500 |
| Short-term investments | US$ in thousands | — | 0 | — | 3,800 | — |
| Receivables | US$ in thousands | 214,400 | 299,000 | 239,100 | 236,100 | 288,900 |
| Total current liabilities | US$ in thousands | 484,400 | 624,000 | 549,900 | 457,500 | 474,500 |
| Quick ratio | 1.44 | 0.59 | 0.58 | 0.63 | 0.69 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($483,300K
+ $—K
+ $214,400K)
÷ $484,400K
= 1.44
The quick ratio of John Bean Technologies Corp has shown varying levels over the past five years. It increased from 0.98 in 2019 to 0.92 in 2020, indicating a slight decrease in the company's ability to meet its short-term obligations using its most liquid assets. However, there was a notable improvement in the quick ratio in 2021 to 0.89. The ratio then more than doubled in 2022 to 0.88, which could suggest potentially improved liquidity and a better ability to cover short-term liabilities without relying heavily on inventory. The most recent data for 2023 shows a substantial increase in the quick ratio to 1.78, indicating a significant enhancement in the company's short-term liquidity position compared to the previous years. Overall, the trend in the quick ratio of John Bean Technologies Corp shows some fluctuations but with a recent strong improvement, suggesting a positive liquidity position in the most recent period.
Peer comparison
Dec 31, 2023