Knowles Cor (KN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 130,100 | 87,300 | 48,200 | 68,900 | 147,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 105,000 | 135,300 | 134,700 | 146,600 | 131,400 |
| Total current liabilities | US$ in thousands | 197,600 | 164,600 | 99,100 | 166,200 | 297,300 |
| Quick ratio | 1.19 | 1.35 | 1.85 | 1.30 | 0.94 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($130,100K
+ $—K
+ $105,000K)
÷ $197,600K
= 1.19
The quick ratio of Knowles Cor has shown variations over the past five years. In December 2020, the quick ratio was relatively low at 0.94, indicating a potential liquidity concern as it was below the ideal threshold of 1. However, the company improved its liquidity position in the following years.
By December 2021, the quick ratio had increased to 1.30, showing a healthier liquidity position as the company had a more favorable ratio of current assets to current liabilities. Subsequently, in December 2022, the quick ratio further improved to 1.85, suggesting a strong ability to cover its short-term obligations with its near-cash assets.
The quick ratio experienced a slight decline by December 2023 to 1.35, but overall the company still maintained a satisfactory liquidity position. In the most recent period ending December 2024, the quick ratio dipped to 1.19, indicating a slight decrease in liquidity compared to the previous year.
Overall, Knowles Cor has shown fluctuations in its quick ratio, but the general trend indicates an improvement in liquidity over the years, with the company being capable of meeting its short-term obligations using its quick assets.
Peer comparison
Dec 31, 2024