Linde plc Ordinary Shares (LIN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,850,000 | 4,664,000 | 5,436,000 | 2,823,000 | 3,754,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 2,061,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 14,544,000 | 15,717,000 | 16,479,000 | 13,643,000 | 13,740,000 |
| Quick ratio | 0.33 | 0.30 | 0.33 | 0.21 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,850,000K
+ $—K
+ $—K)
÷ $14,544,000K
= 0.33
The quick ratio of Linde plc Ordinary Shares has shown some fluctuations over the past five years. In December 31, 2020, the quick ratio was 0.42, indicating that the company had 42 cents in liquid assets available to cover each dollar of its current liabilities. However, by December 31, 2021, the quick ratio had decreased significantly to 0.21, suggesting a potential liquidity issue as the company had only 21 cents in liquid assets for every dollar of current liabilities.
There was a slight improvement in the quick ratio by December 31, 2022, as it increased to 0.33, indicating a better liquidity position compared to the previous year. However, by December 31, 2023, the quick ratio fell again to 0.30, which may raise concerns about the company's ability to meet its short-term obligations using its readily available assets.
In the most recent data available as of December 31, 2024, the quick ratio improved slightly to 0.33, suggesting a modest recovery in liquidity compared to the previous year. Overall, the trend in the quick ratio of Linde plc Ordinary Shares shows variability in liquidity levels over the years, with some fluctuations that may warrant further investigation into the company's financial health and management of short-term obligations.
Peer comparison
Dec 31, 2024