Kelly Services A Inc (KELYA)
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 | 39,000 | 32,800 | 38,200 | 200,700 | 125,800 | 117,200 | 124,800 | 111,700 | 153,700 | 122,400 | 133,900 | 230,300 | 112,700 | 43,500 | 64,400 | 239,400 | 223,000 | 248,200 | 216,200 | 48,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 264,300 | — | — | — | 164,200 | 145,800 | 127,200 | 96,800 |
| Receivables | US$ in thousands | 1,255,500 | 1,248,600 | 1,193,900 | 1,152,900 | 1,160,600 | 1,388,200 | 1,423,600 | — | 1,491,600 | — | — | — | 1,423,200 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 826,500 | 841,000 | 812,300 | 797,500 | 1,019,900 | 1,025,300 | 1,054,900 | 1,050,900 | 1,128,800 | 1,143,000 | 1,161,000 | 1,196,300 | 1,095,200 | 1,078,000 | 1,053,900 | 962,900 | 925,600 | 796,500 | 791,400 | 842,800 |
| Quick ratio | 1.57 | 1.52 | 1.52 | 1.70 | 1.26 | 1.47 | 1.47 | 0.11 | 1.46 | 0.11 | 0.12 | 0.19 | 1.64 | 0.04 | 0.06 | 0.25 | 0.42 | 0.49 | 0.43 | 0.17 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($39,000K
+ $—K
+ $1,255,500K)
÷ $826,500K
= 1.57
The quick ratio of Kelly Services A Inc has shown significant fluctuations over the periods analyzed. The ratio was relatively low in the initial period, indicating a potential liquidity issue with a value of 0.17 as of March 31, 2020. However, there was an improvement in liquidity as the ratio increased to 0.49 by September 30, 2020. Subsequently, there were fluctuations in the ratio, with values ranging from 0.04 to 0.42 until December 31, 2021.
The ratio saw a substantial surge to 1.64 as of December 31, 2021, suggesting a notable improvement in the company's ability to meet its short-term obligations. The ratio remained relatively high in the following periods, ranging between 1.11 and 1.70 until June 30, 2024. This indicates a strong liquidity position for the company during these periods.
Overall, the quick ratio of Kelly Services A Inc has displayed a mix of low and high values, reflecting varying levels of liquidity and short-term financial health over the periods analyzed. It is important for the company to maintain a healthy quick ratio to ensure it can easily cover its short-term liabilities.
Peer comparison
Dec 31, 2024