Lincoln Electric Holdings Inc (LECO)
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 | 377,262 | 404,218 | 272,672 | 374,978 | 393,787 | 342,667 | 220,483 | 198,803 | 197,150 | 141,307 | 152,796 | 154,373 | 192,958 | 160,559 | 190,884 | 242,126 | 257,279 | 152,479 | 143,055 | 163,375 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 604,863 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 878,802 | 951,336 | 783,567 | 748,873 | 754,610 | 808,142 | 810,762 | 835,939 | 852,897 | 820,328 | 903,683 | 927,652 | 755,905 | 745,420 | 696,020 | 614,461 | 549,449 | 533,161 | 568,571 | 654,822 |
| Quick ratio | 0.43 | 0.42 | 0.35 | 0.50 | 0.52 | 0.42 | 0.27 | 0.24 | 0.23 | 0.17 | 0.17 | 0.17 | 1.06 | 0.22 | 0.27 | 0.39 | 0.47 | 0.29 | 0.25 | 0.25 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($377,262K
+ $—K
+ $—K)
÷ $878,802K
= 0.43
The quick ratio of Lincoln Electric Holdings Inc has shown fluctuations over the periods provided in the data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to December 31, 2021, the quick ratio ranged from 0.17 to 1.06. During this period, the company's quick ratio improved significantly, indicating a better ability to cover its current liabilities with its quick assets.
However, from March 31, 2022, to December 31, 2024, the quick ratio decreased, fluctuating between 0.17 and 0.52. This downward trend suggests that the company may be facing challenges in maintaining liquidity or managing its current obligations efficiently during this period.
Overall, it is important for Lincoln Electric Holdings Inc to continue monitoring and managing its quick ratio to ensure that it maintains a healthy level of liquidity to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024