Quaker Chemical Corporation (KWR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 188,880 | 194,527 | 180,963 | 165,176 | 181,833 |
| Short-term investments | US$ in thousands | — | 3,443 | — | — | — |
| Receivables | US$ in thousands | 400,126 | 444,950 | 472,888 | 430,676 | 372,974 |
| Total current liabilities | US$ in thousands | 379,768 | 367,510 | 354,786 | 430,467 | 382,960 |
| Quick ratio | 1.55 | 1.75 | 1.84 | 1.38 | 1.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($188,880K
+ $—K
+ $400,126K)
÷ $379,768K
= 1.55
The quick ratio of Quaker Chemical Corporation has shown a generally stable trend over the past five years. Starting at 1.45 in December 2020, the ratio decreased slightly to 1.38 by December 2021 before experiencing a notable increase to 1.84 in December 2022. Subsequently, the ratio decreased to 1.75 by December 2023 and then declined to 1.55 by December 2024.
Overall, the quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets. A ratio above 1 typically suggests that the company has an adequate level of liquid assets to cover its current liabilities. In this case, Quaker Chemical Corporation generally maintained a healthy quick ratio throughout the period, indicating its ability to meet short-term obligations efficiently. However, the fluctuations observed in the ratio over the years may warrant further investigation to understand the underlying factors driving these changes.
Peer comparison
Dec 31, 2024