KBR Inc (KBR)
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 | 304,000 | 348,000 | 539,000 | 416,000 | 389,000 | 461,000 | 516,000 | 412,000 | 370,000 | 550,000 | 483,000 | 445,000 | 436,000 | 949,000 | 635,000 | 566,000 | 712,000 | 681,000 | 611,000 | 708,000 |
| Short-term investments | US$ in thousands | — | — | — | 23,000 | — | 16,000 | 8,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,014,000 | 1,047,000 | 1,052,000 | 1,076,000 | 966,000 | 909,000 | 1,033,000 | 1,035,000 | 1,432,000 | 1,245,000 | 934,000 | 877,000 | 921,000 | 976,000 | 960,000 | 1,085,000 | 975,000 | 1,038,000 | 1,035,000 | 974,000 |
| Total current liabilities | US$ in thousands | 1,572,000 | 2,127,000 | 2,252,000 | 1,928,000 | 1,821,000 | 1,389,000 | 1,492,000 | 1,461,000 | 1,875,000 | 1,788,000 | 1,443,000 | 1,419,000 | 1,455,000 | 1,433,000 | 1,495,000 | 1,627,000 | 1,501,000 | 1,652,000 | 1,563,000 | 1,505,000 |
| Quick ratio | 0.84 | 0.66 | 0.71 | 0.79 | 0.74 | 1.00 | 1.04 | 0.99 | 0.96 | 1.00 | 0.98 | 0.93 | 0.93 | 1.34 | 1.07 | 1.01 | 1.12 | 1.04 | 1.05 | 1.12 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($304,000K
+ $—K
+ $1,014,000K)
÷ $1,572,000K
= 0.84
The quick ratio of KBR Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term financial obligations with its most liquid assets.
Looking at the trend in the quick ratio from December 2019 to December 2023, we observe that the ratio ranged from 0.66 to 1.34. The quick ratio was above 1 for most of the quarters, indicating that KBR Inc had more than enough liquid assets to cover its current liabilities.
However, in some quarters, such as September 2022 and June 2023, the quick ratio fell below 1, signaling a potential liquidity concern where the company may have had difficulty meeting its short-term obligations with its readily available assets.
Overall, while the quick ratio has shown some variability, it is important for KBR Inc to closely monitor liquidity levels to ensure it can comfortably meet its financial obligations in the short term.
Peer comparison
Dec 31, 2023