JBTMarel Corp (JBTM)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 111,800 | 101,000 | 1,228,400 | 534,500 | 474,300 | 479,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 125,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 542,200 | 543,900 | 335,100 | 334,600 | 311,500 | 299,300 | 288,900 | 259,900 | 279,600 | 383,800 | 265,600 | 374,100 | 366,600 | 340,900 | 333,500 | 319,700 | 307,100 | 281,500 | 304,400 | 305,000 |
| Total current liabilities | US$ in thousands | 1,643,700 | 1,183,400 | 535,500 | 473,400 | 442,900 | 466,100 | 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 |
| Quick ratio | 0.40 | 0.54 | 2.92 | 1.84 | 1.77 | 1.67 | 1.59 | 1.35 | 0.53 | 0.69 | 0.54 | 0.69 | 0.72 | 0.71 | 0.75 | 0.75 | 1.06 | 0.72 | 0.77 | 0.82 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($111,800K
+ $—K
+ $542,200K)
÷ $1,643,700K
= 0.40
The analysis of JBTMarel Corp’s quick ratio from September 30, 2020, through June 30, 2025, reveals notable fluctuations and trends indicative of the company's liquidity profile over this period.
Initially, the quick ratio started below 1, with values of 0.82 (September 2020), declining slightly to 0.77 (December 2020) and 0.72 (March 2021). This indicates that, during this period, the company's most liquid assets (excluding inventories) were insufficient to cover its current liabilities on a dollar-for-dollar basis, suggesting moderate liquidity levels.
Between June 2021 and December 2022, the ratio fluctuated within a narrow range, demonstrating relative stability around 0.69 to 0.75. The consistent proximity to 1 during this period suggests a cautious liquidity stance, with the company generally maintaining adequate short-term assets relative to its liabilities but not significantly exceeding them.
A marked decrease was observed from December 2022 through March 2023, where the ratio declined from 0.54 to 0.69, indicating a modest improvement in liquidity. Nonetheless, the ratio remained below 1, reflecting ongoing liquidity constraints relative to immediate obligations.
Significant changes emerged starting September 2023, with the quick ratio surging to 1.35 and continuing upward to 1.59 (December 2023), 1.67 (March 2024), and peaking at 2.92 (December 2024). These increases suggest a substantial strengthening of the company’s liquidity position, with liquid assets surpassing short-term liabilities by a considerable margin by the end of 2024. The rapid growth in the ratio during this period may reflect improved cash management, increased liquid assets, or reduced short-term liabilities.
However, in the subsequent period extending into mid-2025, the ratio sharply declined back to 0.54 (March 2025) and further to 0.40 (June 2025). This decline indicates a rapid erosion in liquidity buffers, raising concerns about the company's ability to meet immediate short-term obligations without relying on inventory sales or additional financing.
Overall, the company's quick ratio has experienced periods of both relative liquidity adequacy and significant liquidity stress. The recent surge in late 2023 and early 2024 suggests a temporary phase of enhanced liquidity, whereas the subsequent decline indicates potential liquidity management issues or changing operational conditions. The wide swings highlight the need for close monitoring of liquidity management strategies and the underlying factors influencing these shifts.
Peer comparison
Jun 30, 2025