Knowles Cor (KN)
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 | 130,100 | 92,600 | 84,000 | 122,100 | 87,300 | 75,100 | 54,400 | 52,000 | 48,200 | 41,500 | 47,700 | 50,700 | 68,900 | 140,000 | 94,200 | 181,600 | 147,800 | 139,100 | 168,300 | 147,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 105,000 | 105,700 | 136,100 | 130,800 | 135,300 | 119,000 | 118,000 | 109,500 | 134,700 | 128,700 | 127,800 | 143,100 | 146,600 | 129,800 | 116,800 | 114,700 | 131,400 | 125,200 | 101,600 | 120,600 |
| Total current liabilities | US$ in thousands | 197,600 | 185,900 | 178,900 | 170,300 | 164,600 | 107,000 | 108,400 | 125,300 | 99,100 | 131,300 | 149,100 | 143,000 | 166,200 | 313,500 | 301,800 | 302,200 | 297,300 | 138,000 | 231,800 | 132,900 |
| Quick ratio | 1.19 | 1.07 | 1.23 | 1.49 | 1.35 | 1.81 | 1.59 | 1.29 | 1.85 | 1.30 | 1.18 | 1.36 | 1.30 | 0.86 | 0.70 | 0.98 | 0.94 | 1.92 | 1.16 | 2.02 |
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 fluctuated over the period under consideration.
Initially, the quick ratio stood at a healthy level of 2.02 as of March 31, 2020, indicating the company had more than enough liquid assets to cover its current liabilities. However, by December 31, 2020, the quick ratio had decreased significantly to 0.94, reflecting a potential liquidity concern as the company may have had difficulty meeting its short-term obligations.
Subsequently, there were fluctuations in the quick ratio, with values ranging from 0.70 to 1.85 up to December 31, 2024. Notably, the quick ratio improved over time, reaching 1.85 by December 31, 2022, before declining slightly to 1.19 by the end of 2024.
Overall, the quick ratio of Knowles Cor suggests a varying ability to meet its short-term obligations with its most liquid assets. It is important for stakeholders to closely monitor these trends to assess the company's liquidity position and its ability to weather any potential financial challenges.
Peer comparison
Dec 31, 2024