LCI Industries (LCII)
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 | 165,756 | 161,184 | 130,418 | 22,625 | 66,157 | 31,242 | 22,094 | 23,465 | 47,499 | 23,403 | 54,988 | 55,449 | 62,896 | 72,615 | 97,961 | 63,319 | 51,821 | 68,187 | 62,272 | 97,999 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 412,053 | 431,974 | 432,493 | 409,040 | 394,992 | 414,016 | 441,452 | 436,031 | 421,300 | 500,121 | 638,243 | 741,003 | 627,216 | 684,131 | 550,590 | 534,988 | 416,394 | 400,523 | 309,871 | 300,037 |
| Quick ratio | 0.40 | 0.37 | 0.30 | 0.06 | 0.17 | 0.08 | 0.05 | 0.05 | 0.11 | 0.05 | 0.09 | 0.07 | 0.10 | 0.11 | 0.18 | 0.12 | 0.12 | 0.17 | 0.20 | 0.33 |
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 has shown a fluctuating trend over the past few years, starting at 0.33 on March 31, 2020, declining to 0.10 on December 31, 2021, and ending at 0.40 on December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio below 1 indicates that the company may have difficulty in meeting its short-term liabilities using its quick assets. Therefore, LCI Industries faced liquidity challenges in certain periods, particularly in late 2021 and early 2022 when the quick ratio fell below 0.1.
However, the quick ratio improved significantly in the latter half of 2024, reaching its highest point of 0.40 on December 31, 2024. This indicates that LCI Industries has enhanced its ability to cover its short-term obligations with its liquid assets, reflecting better liquidity management or improved financial performance.
Overall, monitoring the quick ratio trend of LCI Industries is crucial for assessing its short-term liquidity position and financial stability.
Peer comparison
Dec 31, 2024