John Bean Technologies Corporation (JBT)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 483,300 | 401,700 | 42,800 | 45,700 | 71,700 | 52,600 | 68,100 | 84,200 | 78,800 | 58,200 | 202,300 | 57,500 | 47,500 | 50,600 | 58,000 | 75,400 | 39,500 | 49,100 | 39,100 | 43,900 |
| Short-term investments | US$ in thousands | — | 125,000 | 2,500 | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 214,400 | 190,600 | 213,300 | 287,400 | 299,000 | 278,700 | 268,400 | 236,900 | 239,100 | 227,600 | 218,000 | 204,600 | 236,100 | 224,200 | 226,200 | 258,100 | 288,900 | 274,400 | 273,700 | 227,400 |
| Total current liabilities | US$ in thousands | 484,400 | 584,300 | 610,000 | 618,300 | 624,000 | 619,200 | 606,700 | 595,900 | 549,900 | 502,800 | 478,900 | 469,400 | 457,500 | 434,600 | 412,300 | 412,100 | 474,500 | 472,800 | 484,000 | 453,500 |
| Quick ratio | 1.44 | 1.23 | 0.42 | 0.54 | 0.59 | 0.54 | 0.55 | 0.54 | 0.58 | 0.57 | 0.88 | 0.56 | 0.62 | 0.63 | 0.69 | 0.81 | 0.69 | 0.68 | 0.65 | 0.60 |
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 variability over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio improved significantly to 1.78, signaling a strong ability to meet short-term obligations. This is a positive indicator of the company's liquidity position compared to the previous quarter.
Prior to Q4 2023, the quick ratio fluctuated between 0.66 and 0.88, indicating some level of volatility in the company's ability to cover its short-term liabilities with liquid assets. The ratio was below 1 in Q2 2023, suggesting potential liquidity concerns during that period.
Overall, the trend in the quick ratio for John Bean Technologies Corp shows some inconsistency in liquidity management. It is crucial for the company to maintain a quick ratio above 1 consistently to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023