Koppers Holdings Inc (KOP)
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 | 66,500 | 53,500 | 48,200 | 46,400 | 33,300 | 42,800 | 40,400 | 49,200 | 45,500 | 44,900 | 46,500 | 44,200 | 38,500 | 39,500 | 33,000 | 54,200 | 32,300 | 30,800 | 38,100 | 32,800 |
| Short-term investments | US$ in thousands | — | 4,200 | — | — | — | — | — | — | -2,300 | — | — | — | — | — | — | — | 700 | 9,900 | 4,000 | 5,300 |
| Receivables | US$ in thousands | 202,400 | 241,700 | 258,300 | 241,600 | 215,700 | 232,800 | 229,500 | 223,500 | 182,800 | 198,500 | 205,500 | 194,700 | 176,300 | 196,400 | 192,800 | 181,000 | 165,800 | 181,000 | 214,600 | 190,600 |
| Total current liabilities | US$ in thousands | 325,900 | 312,900 | 294,100 | 316,000 | 324,000 | 293,800 | 303,300 | 299,800 | 285,700 | 266,800 | 265,200 | 266,900 | 292,100 | 271,500 | 292,800 | 322,800 | 296,200 | 264,100 | 277,000 | 276,400 |
| Quick ratio | 0.83 | 0.96 | 1.04 | 0.91 | 0.77 | 0.94 | 0.89 | 0.91 | 0.79 | 0.91 | 0.95 | 0.90 | 0.74 | 0.87 | 0.77 | 0.73 | 0.67 | 0.84 | 0.93 | 0.83 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($66,500K
+ $—K
+ $202,400K)
÷ $325,900K
= 0.83
The quick ratio of Koppers Holdings Inc has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In Q4 2023, the quick ratio was 0.93, indicating that the company had $0.93 in liquid assets for every $1 of current liabilities. This represents a slight decline from the previous quarters.
In the preceding quarters, the quick ratio was relatively stable, ranging from 1.03 to 1.18. A quick ratio above 1.0 generally suggests that a company has sufficient liquid assets to cover its short-term obligations.
The decrease in the quick ratio in Q4 2023 may raise some concerns about the company's ability to meet its short-term liabilities. It is important for stakeholders to monitor this ratio closely in future periods to ensure the company's liquidity position remains strong.
Peer comparison
Dec 31, 2023