LCI Industries (LCII)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 165,756 | 66,157 | 47,499 | 62,896 | 51,821 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 412,053 | 394,992 | 421,300 | 627,216 | 416,394 |
| Quick ratio | 0.40 | 0.17 | 0.11 | 0.10 | 0.12 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($165,756K
+ $—K
+ $—K)
÷ $412,053K
= 0.40
The quick ratio of LCI Industries, a key liquidity metric, indicates its ability to meet short-term obligations with its most liquid assets.
In December 2020, the quick ratio was at 0.12, suggesting that for every dollar of current liabilities, the company had $0.12 in quick assets available for immediate use. This ratio decreased slightly to 0.10 by December 2021, indicating a potential strain on the company's liquidity position.
However, by December 2022, the quick ratio improved to 0.11, reflecting a slight recovery in the company's ability to cover short-term liabilities. The ratio further increased to 0.17 by December 2023, showing a more favorable liquidity position.
Notably, by December 2024, the quick ratio surged to 0.40, indicating a significant improvement in the company's liquidity health. This suggests that LCI Industries has more than enough quick assets to cover its current liabilities, signifying a strong financial position in the short term.
Overall, the trend in LCI Industries' quick ratio demonstrates fluctuations in its liquidity over the years, with a substantial enhancement in liquidity levels by the end of 2024.
Peer comparison
Dec 31, 2024