Quaker Chemical Corporation (KWR)
Cash 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 and cash equivalents | US$ in thousands | 188,880 | 212,074 | 188,568 | 195,750 | 194,527 | 198,358 | 189,405 | 189,872 | 180,963 | 138,891 | 202,348 | 161,552 | 165,176 | 141,393 | 145,610 | 163,455 | 181,833 | 155,750 | 322,497 | 316,437 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 66,760 | — | — | — | — | 98,013 | — | — | — | — | 84,089 |
| Total current liabilities | US$ in thousands | 379,768 | 371,345 | 350,077 | 350,227 | 367,510 | 352,107 | 346,538 | 369,412 | 354,786 | 365,731 | 400,725 | 452,549 | 430,467 | 409,959 | 400,434 | 396,435 | 382,960 | 337,140 | 282,691 | 340,587 |
| Cash ratio | 0.50 | 0.57 | 0.54 | 0.56 | 0.53 | 0.56 | 0.55 | 0.51 | 0.51 | 0.56 | 0.50 | 0.36 | 0.38 | 0.34 | 0.61 | 0.41 | 0.47 | 0.46 | 1.14 | 1.18 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($188,880K
+ $—K)
÷ $379,768K
= 0.50
The cash ratio of Quaker Chemical Corporation has shown some fluctuations over the years, ranging from 0.36 to 1.18. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover liabilities, while a lower ratio may suggest potential liquidity concerns.
In the most recent period, the cash ratio as of December 31, 2024, was 0.50, indicating that the company had $0.50 of cash and cash equivalents for every $1 of its short-term liabilities. This suggests that Quaker Chemical Corporation may have a moderate level of liquidity, as it has enough cash on hand to cover approximately half of its short-term obligations.
It is worth noting that the cash ratio has been relatively stable in recent quarters, hovering around the 0.50 mark. This consistency may indicate a steady liquidity position for the company, which is essential for meeting its short-term financial obligations and operational needs. However, it is important for investors and stakeholders to continue monitoring the cash ratio to ensure the company maintains a healthy liquidity position moving forward.
Peer comparison
Dec 31, 2024