Lennox International Inc (LII)
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 | 415,100 | 243,100 | 47,600 | 45,700 | 60,700 | 132,000 | 51,400 | 40,400 | 52,600 | 40,700 | 57,400 | 34,300 | 31,000 | 39,400 | 44,500 | 35,500 | 123,900 | 55,000 | 44,800 | 39,100 |
| Short-term investments | US$ in thousands | 7,200 | 12,600 | 10,200 | 11,900 | 8,400 | 9,600 | 7,200 | 7,100 | 8,500 | 7,500 | 5,300 | 5,700 | 5,500 | 4,900 | 2,800 | 4,500 | 5,100 | 4,100 | 3,800 | 3,700 |
| Receivables | US$ in thousands | 661,100 | 816,500 | 858,600 | 616,000 | 594,600 | 694,800 | 843,600 | 642,500 | 608,500 | 708,400 | 782,600 | 603,000 | 508,300 | 580,600 | 692,500 | 522,600 | 448,300 | 542,700 | 624,200 | 492,700 |
| Total current liabilities | US$ in thousands | 1,313,300 | 1,316,000 | 1,104,500 | 1,097,400 | 1,014,600 | 1,255,000 | 1,741,900 | 1,526,400 | 1,595,700 | 931,700 | 967,700 | 859,400 | 827,100 | 1,100,400 | 1,057,800 | 849,100 | 701,300 | 711,000 | 946,200 | 894,600 |
| Quick ratio | 0.82 | 0.81 | 0.83 | 0.61 | 0.65 | 0.67 | 0.52 | 0.45 | 0.42 | 0.81 | 0.87 | 0.75 | 0.66 | 0.57 | 0.70 | 0.66 | 0.82 | 0.85 | 0.71 | 0.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($415,100K
+ $7,200K
+ $661,100K)
÷ $1,313,300K
= 0.82
The quick ratio of Lennox International Inc has shown some fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2020, the quick ratio improved from 0.60 to 0.71, indicating an increase in the company's ability to cover its current liabilities with its quick assets. However, there was a slight decrease to 0.66 by March 31, 2021.
The quick ratio fluctuated between 0.57 and 0.87 from September 30, 2021, to June 30, 2022. The ratio improved to 0.87 by June 30, 2022, showing a strong ability to meet short-term obligations.
However, there was a significant drop in the quick ratio to 0.42 by December 31, 2022, indicating potential liquidity challenges. The ratio gradually increased in the following periods, reaching 0.82 by December 31, 2024.
Overall, while there were fluctuations in the quick ratio over the periods analyzed, Lennox International Inc generally maintained a quick ratio above 1, indicating a healthy liquidity position to meet its short-term liabilities. It is essential to monitor the trend of the quick ratio over time to assess the company's liquidity risk and financial health accurately.
Peer comparison
Dec 31, 2024