Kadant Inc (KAI)
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 | 94,660 | 88,407 | 73,805 | 81,440 | 103,832 | 76,793 | 66,725 | 81,183 | 76,371 | 72,936 | 76,540 | 86,192 | 91,186 | 82,600 | 73,436 | 65,982 | 65,682 | 53,554 | 57,499 | 60,012 |
| Short-term investments | US$ in thousands | 1,286 | — | 150,356 | — | 212,906 | 212,906 | — | 75 | 131 | — | — | — | -2,975 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 142,462 | 154,965 | 149,689 | 149,586 | 133,929 | 140,075 | 135,633 | — | 130,297 | — | — | — | 117,209 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 191,565 | 205,227 | 201,978 | 222,051 | 214,409 | 213,564 | 213,218 | 225,847 | 213,461 | 213,000 | 212,971 | 217,580 | 221,497 | 198,659 | 161,180 | 146,594 | 134,688 | 127,862 | 148,386 | 129,899 |
| Quick ratio | 1.24 | 1.19 | 1.85 | 1.04 | 2.10 | 2.01 | 0.95 | 0.36 | 0.97 | 0.34 | 0.36 | 0.40 | 0.93 | 0.42 | 0.46 | 0.45 | 0.49 | 0.42 | 0.39 | 0.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,660K
+ $1,286K
+ $142,462K)
÷ $191,565K
= 1.24
The quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term obligations with its most liquid assets. It is calculated by dividing the sum of cash, cash equivalents, and accounts receivable by the current liabilities.
Analyzing the quick ratio of Kadant Inc over the past few years reveals fluctuations in its liquidity position. The quick ratio ranged from as low as 0.34 in September 2022 to as high as 2.10 in December 2023. Generally, a quick ratio above 1 indicates that a company can meet its short-term obligations using its liquid assets.
In the latest available period, December 31, 2024, the quick ratio stood at 1.24, indicating a relatively strong liquidity position for Kadant Inc. However, it is important for investors and analysts to monitor changes in the quick ratio over time to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024