Quaker Chemical Corporation (KWR)
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 | 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 |
| Receivables | US$ in thousands | 400,126 | 422,732 | 423,906 | 440,018 | 444,950 | 446,459 | 454,230 | 482,746 | 472,888 | 461,912 | 465,352 | 458,459 | 430,676 | 433,631 | 418,642 | 411,523 | 372,974 | 338,875 | 300,027 | 357,902 |
| 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 |
| Quick ratio | 1.55 | 1.71 | 1.75 | 1.82 | 1.74 | 1.83 | 1.86 | 1.82 | 1.84 | 1.83 | 1.67 | 1.37 | 1.38 | 1.40 | 1.65 | 1.45 | 1.45 | 1.47 | 2.20 | 2.23 |
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 some fluctuations over the past five years, ranging from a high of 2.23 in March 2020 to a low of 1.37 in March 2022. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
In general, Quaker Chemical Corporation has maintained a healthy quick ratio above 1 throughout the period, indicating a strong ability to cover its short-term obligations. However, there have been periods where the quick ratio has decreased, such as in December 2021 and September 2021, suggesting potential liquidity challenges during those times.
Overall, the trend of the quick ratio for Quaker Chemical Corporation reflects a generally stable liquidity position, but it is important to monitor any significant fluctuations to ensure the company can continue to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024